“Maple Finance, a blockchain-based credit marketplace, has revealed plans to expand into the Asian market, supported by a $5 million investment from firms including BlockTower Capital and Tioga Capital. This move forms part of a growth strategy to extend its technology and create global alliances, primarily within Singapore, Japan, Hong Kong, and Korea.”
Search Results for: BlockTower Capital
New Leadership at MobileCoin: Charting the Course for Global Expansion and Swift Crypto Transactions
MobileCoin’s CTO, Sara Drakeley, has been promoted to CEO to further the company’s goal of swift transnational payments. The company plans global expansion, focusing on regions with strong cryptocurrency usage like Africa and Latin America. New app Moby promises rapid transactions while maintaining user privacy.
Exploring MakerDAO’s $1.28B Bet on Real-World Assets: Boosting Yield or Risky Undertaking?
MakerDAO’s community voted to open the BlockTower Andromeda vault, aiming to invest up to $1.28 billion in short-dated U.S. Treasury bonds using overcollateralized DAI stablecoin. This reflects efforts to diversify reserve assets, generate higher yields, and integrate crypto with traditional financial markets.
DAI’s Shifting Collateral Mix: Decreased USDC Backing and Future Decentralization Prospects
MakerDAO’s DAI stablecoin has reduced its USDC backing from 50% to 23.6%, increasing diversification in its backing assets. As dependency on USDC decreases, DAI’s backing now includes more significant real-world assets, such as U.S. government bonds and stablecoins like GUSD and USDP.