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Maple Finance, an on-chain, institutional credit marketplace that’s aspiring to fill a gap left behind by the collapses of crypto lending heavyweights like BlockFi and Celcius, has its sight set on Asia as financial hubs like Hong Kong and Singapore provide more regulatory clarity around digital assets.
Maple, which falls under the so-called decentralized finance or DeFi category, differs from centralized finance or CeFi platforms like BlockFi in that it allows lenders to see loan operations on the blockchain, promising to offer more transparency. Cumulatively, the three-year-old startup has issued $2.2 billion in loans and currently, it has around $50 million deposited on the platform.
To fuel its expansion eastward, Maple recently closed a $5 million strategic investment from a group of crypto-focused…
