Maple Finance Granted SEC Exemption for Treasury Yield Offering

Maple Finance has obtained an exemption from the United States Securities and Exchange Commission (SEC) to offer its one-month U.S. Treasury yields to accredited investors in the United States and non-U.S. investors.

Through the SEC Regulation D Rule 506(c) Exemption, a firm may offer investment products to U.S. individual investors with a net worth exceeding $1 million, excluding the value of their primary residence, or with an annual income exceeding $200,000 ($300,000 if their spouse is included), without first registering with the SEC.

Such investment instruments may also be sold to accredited U.S. entities, such as banks. According to data from Maple Finance, over 21 million USD coins have been deposited into its Treasury Pool, which presently yields 4.76 percent annually.

There are no inbound or outbound fees, but an annualized management fee of 0.50% is deducted from the yield.

Developers wrote that “onboarding takes 15 minutes, and monthly interest statements can be downloaded at any time.”

According to the website, withdrawals are executed within a maximum of 48 hours. Room40 Capital, a 2022-founded institutional crypto hedge fund, is the solitary borrower from the pool at present.

The proceeds will be used to buy and hold short-term U.S. Treasury bills and reverse repurchase agreements entirely collateralized by U.S. Treasury bills, according to Room40 Capital.

Since the introduction of Treasury Pools in April, the company has made 46 payments with no late payments.