Abstract – From Wild-West Lending to Institution-Grade Capital Markets Maple Finance was started by former bond-salesmen and structurers who believed blockchains could do debt markets better than Bloomberg terminals. In three years it has moved from “zero-collateral alpha” to a multi-chain, multi-asset credit platform that has underwritten > US $4 bn of loans, tokenised US $270 m of U.S. Treasuries and still kept defaults below 3 %. This piece walks through the product arcs, the 2022 near-dea...

Abstract – From Wild-West Lending to Institution-Grade Capital Markets Maple Finance was started by former bond-salesmen and structurers who believed blockchains could do debt markets better than Bloomberg terminals. In three years it has moved from “zero-collateral alpha” to a multi-chain, multi-asset credit platform that has underwritten > US $4 bn of loans, tokenised US $270 m of U.S. Treasuries and still kept defaults below 3 %. This piece walks through the product arcs, the 2022 near-dea...