Clearpool Prime paves the way for the growth of a transparent digital asset credit market infrastructure
As demand for a compliant and sustainable digital asset credit infrastructure continues to grow, Clearpool once again proves that protocols of true value are born during times of market uncertainty.
Introducing Clearpool Prime — a non-custodial, institutional-grade marketplace where you can connect to the largest global KYC & AML compliant network for wholesale borrowing and lending of digital assets.
This new addition to the Clearpool product ecosystem has been built on the foundation of the first permissioned pool released last year in partnership with Jane Street and BlockTower. Prime will be launched exclusively on Polygon — a popular layer-two blockchain designed to address Ethereum’s scalability issues.
“KYB & AML compliant access to deep liquidity, efficient pricing and minimized contract risk — that’s what attracts established institutions to Prime,” said Robert Alcorn, Clearpool’s CEO.
“We have observed that for certain institutions it can be quite overwhelming to perform risk assessments within the current fragmented system. Here comes Prime” — added Jakob Kronbichler, Clearpool’s CCO.
Applications are now open
On Prime, all counterparties — both borrowers and lenders — undergo robust Know-Your-Customer (KYC) & Anti-Money Laundering (AML) due diligence. Borrowers can launch pools with customized terms, while lenders are able to gain access to yield opportunities with high-quality institutional counterparties, all within a secure, compliant environment.
“Expect to see a wide range of borrower profiles: from traditional trading firms to various types of crypto-native players. Prime is also attractive to fintechs that provide lending solutions in the TradFi world, such as loans in emerging markets”, said Jakob Kronbichler.
The whitelisting process has started! Institutional market participants seeking access to wholesale DeFi lending and borrowing are now invited to apply to join Clearpool Prime.
Clearpool is the first decentralized credit marketplace where institutional borrowers can create single-borrower liquidity pools and compete for uncollateralized liquidity directly from the DeFi ecosystem. Follow us on Twitter and join the conversation on Telegram and Discord!