, while traditional financial firms are wary of servicing digital asset firms, leaving the industry with limited options for borrowing.
“There’s a big gap in the market because of the exit of those players,” Sidney Powell, co-founder and CEO of Maple Finance said in an interview with CoinDesk. “This is like a natural extension of what Maple can do as a protocol.”Maple Direct will work as a separate lending pool on the platform, Powell explained. To do so, the company created a subsidiary domiciled in Delaware that will act as a pool delegate to underwrite loans and manage the portfolio.
“We have the expertise in-house as we all came from banking and credit backgrounds, Powell said, adding that they “learned the lessons from last year observing delegates.”
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: TheBlock__ - 🏆 464. / 53 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »