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Maple Finance tokenizes short-term government bonds and has obtained an exemption from the US SEC. It is now open to US investors.
2023-08-09 12:16
Odaily News: DeFi lending protocol Maple Finance announced on Wednesday that it has opened its cash management pool backed by tokenized short-term Treasury bills (T-bills) to U.S. investors. Maple has obtained an exemption under the U.S. SEC Regulation D Rule 506(c). Previously, only non-U.S. entities could access Maple's cash management pool.

The cash management pool on Maple allows accredited investors, companies, and DAOs to deposit their idle USDC and USDT into one-month U.S. Treasury bills and earn an annual yield of 4-5%. Since its launch in April, the pool has attracted $22 million in deposits.

According to data from real-world asset platform RWA.wyz, the market size of tokenized short-term Treasury bills has grown sixfold this year, reaching nearly $700 million. (CoinDesk)