Maple Finance secures SEC exemption for on-chain Treasury swimming pools

Blockchain institutional capital market Maple Finance has secured an exemption from the USA Securities and Alternate Fee to supply its one-month U.S. Treasury yields to accredited traders in the USA.

Earlier than the Aug. 9 announcement, the Maple Finance Treasury swimming pools have been solely out there to accredited traders outdoors the USA. Via the SEC Regulation D Rule 506(c) Exemption, a agency could provide funding merchandise, with out prior registration, to particular person traders within the U.S. with a web price exceeding $1 million, excluding the worth of their main residence, or with an annual earnings exceeding $200,000 per yr ($300,000 if their partner is included). A agency may promote such funding merchandise to accredited U.S. entities, reminiscent of banks.

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