Anubi Digital Enters a Partnership with Maple Finance to Bring its Clients New Opportunities in Institutional DeFi

  • Cryptocurrencies
  • 09.06.2022 11:40 am

After being one of the first Italian companies subscribing to the Italian OAM's special registry for Virtual Assets Service Providers (VASP), the crypto custodian Anubi Digital entered its third international agreement in a few months.

Anubi Digital is bringing institutional DeFi to Italy for the first time, through the existing partnerships with Aave Arc and Celsius Network and now by launching a major new project with Maple Finance.

The collaboration allows Anubi Digital to offer all Italian regulated entities the opportunity to participate as "lenders" in Maple Finance's institutional liquidity pools, with the advantage of having a known and guaranteed borrowing counterparty. This model will make the approach to institutional DeFi even more straightforward for Italian Family Offices, SIM (Financial Intermediaries) and Banks.

The liquidity pool has as its counterparty ("single borrower") Alameda Research, one of the crypto world's leading entities, founded in 2017 by Sam Bankman-Fried, also CEO of FTX. Alameda is expected to secure up to USDC 1 Billion of loan requests by the end of the year. The pool can only be accessed by institutional entities and Anubi Digital is currently the only Italian company which qualified for access.

Maple Finance is positioning itself as the leading platform for Institutional DeFi, having originated more than $1.5 billion in loans in just 12 months and counting among its partners and investors key entities such as Alameda, Genesis Trading, and Celsius Network.

Diego D'Aquilio, CEO and co-founder of Anubi Digital, comments: "The agreement with Maple Finance is a key new building block in our offering for Italian institutional investors, who are increasingly looking for new and remunerative exposure to digital assets. The market is evolving at an impressive pace and Anubi Digital, with Maple Finance, aims to offer regulated entities an extremely robust and user-friendly solution".

Related News