has rolled out a United States Treasury pool for non-U.S. accredited investors and entities., Maple Finance has launched a new Cash Management Pool for institutional Web3 investors to access U.S. Treasury Bills directly. The offering is not available to U.S. individuals or entities. The pool will source yield from one-month U.S. Treasury bills and reverse purchase agreements, less fees, to lenders, with crypto hedge fund Room40 Capital serving as the sole borrower via a special purpose vehicle .
Maple claims that all pool assets are held in a standalone SPV"custodied by a regulated prime broker and Lenders have full recourse over all assets." The firm also says that onboarding"takes between 10-15 minutes to complete," and that interest accrues immediately from the time of deposit with no lock-up period.
It seems that we are seeing an influx of crypto-related solutions targeting access to US Treasuries or similar instruments, which is rather expected given the current high rates environment and stabilization (in terms of 'mad APYs') of the crypto market.
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