A decentralized capital markets ecosystem known as Clearpool has raised $3 million in funding from several important crypto investors in order to continue its DeFi plans to allow institutions to borrow uncollateralized liquidity.
Hex Trust will incubate the project and offer custody and compliance services like KYC checks and transaction monitoring of the borrowers that use Clearpool.
Among the investors were Arrington Capital, GBV Capital, HashKey Capital, Hex Trust, Sequoia Capital India, Sino Global Capital, and Wintermute. Ascendex, BCW Group, FBG Capital, Folkvang, Huobi Ventures, and Kenetic Capital have also taken part.
The CEO of Clearpool, Robert Alcorn, said:
“Clearpool introduces several new concepts to DeFi, including single borrower liquidity pools and a system of tokenized credit. These new concepts allow institutional borrowers to access uncollateralized liquidity directly from the DeFi ecosystem and provide lenders with sophisticated risk management and hedging solutions.”