CLEARPOOL and BANXA have jointly launched the first credit treasury product on the AVALANCHE platform. CLEARPOOL announced the successful expansion of its business on the AVALANCHE blockchain platform and collaborated with publicly listed global financial technology infrastructure provider BANXA to introduce an innovative product called the Credit Treasury, which is backed by real-world assets (RWA). BANXA will initially borrow up to $5 million USDC through the Credit Treasury, offering lenders a 7-day repayment period and additional AVAX token rewards. This aims to provide more stable interest rates and stronger liquidity for emerging on-chain borrowers such as fintech and payment companies. Since March 2022, CLEARPOOL has provided over $480 million in loans to more than 20 institutions, including WINTERMUTE and JANE STREET.

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Odaily Planet Daily News: Decentralized credit market Clearpool has announced the successful expansion of its business on the Avalanche blockchain platform. It has also partnered with Banxa, a publicly listed global financial technology infrastructure provider, to launch an innovative product called Credit Treasury, which is backed by real-world assets (RWA). Banxa will initially borrow up to $5 million USDC through the Credit Treasury, offering lenders a 7-day repayment period and additional AVAX token rewards. The aim is to provide more stable interest rates and stronger liquidity for emerging on-chain borrowers, such as fintech and payment companies. Since March 2022, Clearpool has provided over $480 million in loans to more than 20 institutions, including Wintermute and Jane Street.

CLEARPOOL Partners with BANXA to Launch First Credit Vault Product on AVALANCHE