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Crypto lender Maple Finance raises $5M to enter Asia amid regulatory clarity

Maple Finance, an on-chain, institutional credit marketplace that's aspiring to fill a gap left behind by the collapses of crypto lending heavyweights like BlockFi and Celsius, has its sights set on Asia as financial hubs like Hong Kong and Singapore provide more regulatory clarity around digital assets. Maple, which falls under the decentralized finance (DeFi) category, differs from centralized finance or CeFi platforms like BlockFi in that it allows lenders to see loan operations on the blockchain, promising to offer more transparency. To fuel its expansion eastward, Maple recently closed a $5 million strategic investment from a group of crypto-focused investors.

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