Bitwise Asset Management has made its decentralized finance (DeFi) debut via an allocation with Maple Finance. The firm’s decision to wade into DeFi will grant it access to on-chain credit markets with regulatory compliance at the heart of the partnership.
Bitwise Makes First DeFi Allocation Through Maple Finance
Maple Finance has announced a partnership with Bitwise that will see the asset management firm access on-chain credit. According to a press release, Bitwise entered the DeFi space via an institutional allocation with Maple Finance in a pioneering move for the crypto index fund manager.
The partnership will see Bitwise lean on Maple’s regulatory-compliant infrastructure to access “yield-generation opportunities” in the DeFi ecosystem. Bitwise’s allocation with Maple provides a measure of structure and transparency in the “Wild West” of DeFi as it enters into unknown terrain.
The move is expected to signal Bitwise’s transition away from traditional fixed income
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