Maple Finance has obtained an exemption from the United States Securities and Exchange Commission (SEC) that allows it to offer its one-month US Treasury yields to accredited investors in the United States. Previously, these Treasury pools were only accessible to accredited investors outside of the US. The exemption, granted under SEC Regulation D Rule 506(c) Exemption, allows Maple Finance to provide investment products to US-based individual investors and accredited US organizations without the need for prior registration, as long as certain income and net worth requirements are met.

According to Maple Finance, over 21 million USD Coin USDC has already been deposited into the Treasury pool, which currently offers an annualized yield of 4.76%. Joining the Maple Finance Treasury pools is straightforward, with a simplified onboarding process that takes approximately 15 minutes. Lenders have the convenience of downloading monthly interest statements, and withdrawals are processed within a maximum of 48 hours.

FAQ

What is Maple Finance?

Maple Finance is an institutional capital marketplace on the blockchain. It provides a platform for investors to access secure and high-yield investment opportunities.

What is the SEC?

The United States Securities and Exchange Commission (SEC) is a government agency responsible for regulating the securities industry, protecting investors, and maintaining fair and efficient markets.

What is the SEC Regulation D Rule 506(c) Exemption?

The SEC Regulation D Rule 506(c) Exemption allows companies to offer investment products to accredited individual investors and accredited organizations in the United States without prior registration, as long as certain income and net worth requirements are met.

What are the eligibility requirements for accredited investors?

Under SEC regulations, an accredited investor is an individual who has an annual income greater than $200,000 ($300,000 if their spouse’s income is included) or a net worth exceeding $1 million, excluding the value of their primary residence.

Can non-accredited investors access Maple Finance’s Treasury pools?

No, the exemption granted by the SEC currently allows Maple Finance to offer its Treasury yields only to accredited investors in the United States.

How long does it take to join Maple Finance’s Treasury pools?

The onboarding process for joining Maple Finance’s Treasury pools typically takes about 15 minutes.

How long does it take to process withdrawals from Maple Finance’s Treasury pools?

According to information provided by Maple Finance, withdrawals from the Treasury pools are processed within a maximum of 48 hours.

Are there any fees associated with investing in Maple Finance’s Treasury pools?

A 0.50% annualized management fee is deducted from the yield of the Treasury pools, but there are no outbound or incoming fees apart from this.

What is the current annualized yield offered by Maple Finance’s Treasury pools?

As of now, the Maple Finance Treasury pools offer an annualized yield of 4.76%.

Can the Treasury pool deposits be made using cryptocurrencies?

The deposits into Maple Finance’s Treasury pool are made using USD Coin (USDC), a stablecoin pegged to the US dollar.

How can interested investors access Maple Finance’s Treasury pools?

Investors can visit the Maple Finance website to learn more about the Treasury pools and begin the onboarding process.

Summary

Maple Finance has obtained an SEC exemption that allows it to offer its one-month US Treasury yields to accredited investors in the United States. Previously, these yields were only available to accredited investors outside of the US. Maple Finance has already received over 21 million USD Coin USDC deposits into its Treasury pool, which currently offers a 4.76% annualized yield. The onboarding process to join the Treasury pools is quick and convenient, with monthly interest statements available for download, and withdrawals processed within 48 hours.