Maple Finance
Dollar lender to crypto-native institutions whose yield comes from interest on identified borrowers rather than token emissions, with all-in fees reported at 70 to 90 basis points against private credit's conventional two-and-twenty and $4.29bn under management on its own site on 25 July 2026.
The profile
Onchain credit manager launched in 2019 that lends dollars to crypto-native institutions against bitcoin, ether, solana and XRP collateral held in tri-party custody, with reported loan tickets between $10m and $500m and over $20bn originated since inception. Its website reported $4.29bn of assets under management when accessed on 25 July 2026, split between the pooled syrupUSDC, syrupUSDT and syrupUSDG wrappers and a secured Maple Institutional pool showing $847m of assets at a 159.1% collateralisation ratio. Because the yield paid to lenders comes from interest on identified borrowers rather than token emissions, and all-in fees have been reported at 70 to 90 basis points against private credit's conventional two-and-twenty, it is the closest onchain comparison point for how private credit is priced.
Products and services
- syrupUSDC
- Pooled dollar lending product whose return is the interest paid by institutional borrowers on overcollateralised loans.
- Maple Institutional
- Secured lending pool for larger allocators, reporting $847m of pool assets and a 159.1% collateralisation ratio.
- SYRUP
- Governance and staking token of the protocol, held by lenders and used in protocol decision-making.
No development naming Maple Finance has yet been filed against a primary source. The register entry stands so the institution, its jurisdiction and its products are on the record.