Crypto lending platform Maple Finance announced it has raised $5 million in funding co-led by BlockTower Capital and Tioga Capital, with participation from Cherry Ventures, The Spartan Group, GSR Ventures, and others. The funds will be used to support the platform's strategic expansion in the APAC region, as well as its newly launched direct lending arm called Maple Direct.
Maple Finance CEO Sidney Powell said, "The network is poised to further scale its technology and forge partnerships that enable compliant and seamless lending and borrowing adoption across the APAC region, specifically in Singapore, Japan, Hong Kong and Korea."
In addition, Maple Finance announced it will expand its stablecoin management product on Solana.
Related: Maple Finance to Offer Crypto-Collateralized Loans to Web3 Businesses
- Stay updated with the most important cryptocurrency news and valuable insights, conveniently delivered to your email every day. Subscribe to the TokenInsight mailing list now!
- Prefer social media? Follow us on Twitter, or subscribe to our Telegram channel!
- If you have news reports or announcements that you want to reach a wider audience, feel free to email us at news@tokeninsight.com
DeFi
Lending
Fund Raising
