Clearpool Prime launches on Avalanche, with Portofino Technologies initiating the first loan of $1M

Clearpool is pleased to announce that Clearpool Prime, the revolutionary institutional-grade credit marketplace, has been launched on Avalanche, the smart contracts platform that scales infinitely and regularly finalizes transactions in less than one second. The first loan on Clearpool Prime on Avalanche, worth US$1 million, has been initiated by Portofino Technologies.

Clearpool Prime has experienced continued growth since it debuted on Optimism’s OP Mainnet in December 2023. Since launch, over US$37 million of loans have originated on the platform, with $11 million originating in the last two weeks.

Clearpool Prime is the future of private credit, seamlessly bridging the gap between the traditional private credit market and decentralized lending ecosystems. The platform was designed in response to growing demand from institutions for on-chain credit and enables institutions to transact through non-custodial smart contracts in a fully compliant, KYC’d environment. Whitelisted borrowers can launch custom pools with tailored terms and invite similarly whitelisted lenders to participate, increasing capital efficiency, compliance, transparency, and security.

As the institutional demand for on-chain credit increases, stay tuned for more loans and expansion on Clearpool Prime moving forward!