Bitwise makes first institutional DeFi allocation

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Bitwise Asset Management has made its first institutional decentralized finance (DeFi) allocation, depositing into Maple Finance’s overcollateralized Bitcoin loans, Maple told Cointelegraph on March 6. 

Maple did not disclose the size of the investment but confirmed that Bitwise’s allocation is represented in Dune Analytics total value locked (TVL) figures for Maple’s “blue chip secured” strategy. 

Those figures show a roughly $5 million increase in Maple’s TVL between March 4 and March 5. 

Bitwise’s investment is “a testament to the…



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Bitwise makes first institutional DeFi allocation


Bitwise Asset Management has made its first institutional decentralized finance (DeFi) allocation, depositing into Maple Finance’s overcollateralized Bitcoin loans, Maple told Cointelegraph on March 6. 

Maple did not disclose the size of the investment but confirmed that Bitwise’s allocation is represented in Dune Analytics total value locked (TVL) figures for Maple’s “blue chip secured” strategy. 

Those figures show a roughly $5 million increase in Maple’s TVL between March 4 and March 5. 

Bitwise’s investment is “a testament to the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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