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Crypto Asset Manager Bitwise Deploys on DeFi Platform With Maple Finance Partnership

Crypto Asset Manager Bitwise Deploys on DeFi Platform With Maple Finance Partnership
Crypto asset manager Bitwise has announced its first allocation into decentralized finance (DeFi) through a partnership with Maple Finance. The size of the allocation was not disclosed. Bitwise is leveraging Maple's bitcoin-backed lending product, which is available to accredited investors in the US. This move represents a significant milestone in the adoption of on-chain credit by institutional investors. Bitwise believes in the future of on-chain asset management, where products are transparent and opportunities exist that are not available in traditional finance. The partnership required extensive due diligence and background work. Bitwise manages over $12 billion in client assets.

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