Bitwise has taken a significant step into DeFi with its first institutional allocation through Maple Finance.
This initiative will allow Bitwise to access on-chain credit while maintaining compliance with institutional regulatory standards on Maple’s platform. The firm, which manages over $12 billion in client assets, announced the move in a statement shared with CryptoSlate on March 6.
Following the news, Maple Finance’s native SYRUP token increased by almost 10% to $0.145 as of press time.
Institutional DeFi adoption
According to the statement, the development highlights the increasing demand for yield-generating opportunities in digital assets, particularly among institutional investors.
The firm noted that its move signals a broader trend of institutions expanding beyond traditional fixed-income markets and exploring on-chain lending as a more efficient and scalable alternative.
Jeff Park, Head of Alpha Strategies at Bitwise, emphasized the growing role of tokenization in inst
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