What Maple Finance does

Maple Finance operates an on-chain institutional credit marketplace that intermediates overcollateralized loans between sophisticated lenders and institutional borrowers including digital asset treasuries, public companies, crypto miners, trading firms, and prime brokers. The platform is built on Ethereum and Solana with crosschain deployment via Chainlink CCIP to Solana, Arbitrum, Base, and Plasma, and combines smart-contract-based automated loan management (collateral tracking, margin calls, liquidations, pool accounting) with traditional finance workflows including KYC, Master Lending Agreements, and bespoke loan structuring. Core product surfaces include the Maple Protocol, the Syrup retail/institutional yield products (syrupUSDC at 5.1% APY and syrupUSDT at 4% APY, issued via Cayman-domiciled segregated portfolio companies), Maple Institutional secured lending ($203M pool AUM, 134.4% collateralization ratio, 5.1% APY), the Maple Borrower Hub operating layer, the SYRUP governance token, and the forthcoming syrupBTC Bitcoin yield product.

Maple's revenue model is spread-driven protocol economics: the company earns fees on loans originated through its platform, with the spread between yields generated (overcollateralized institutional loan interest plus DeFi liquidity provision and futures basis trading) and yields paid to depositors representing protocol revenue. AUM reached approximately $3.99 billion, the platform has originated over $22.42 billion in loans to 100+ borrowers across 400+ loans with a 99% repayment rate and zero credit defaults, and protocol revenue hit a record $2.3 million in October 2025 with $25 million cumulative by mid-2025. Distribution operates through a dual-channel model: a self-serve web application (app.maple.finance) for syrupUSDC/USDT and Maple Institutional deposits globally (excluding US and sanctioned jurisdictions), and direct enterprise sales via the Maple Borrower Hub for institutional borrowers. Maple is venture-backed with $7.7 million in total disclosed funding across rounds led by Blocktower Capital, Tioga Capital, and Framework Ventures, and is incorporated through Maple Labs Pty Ltd alongside Cayman-domiciled segregated portfolio entities.

Name

Maple Finance

Legal name

Maple Labs Pty Ltd

Website

https://maple.finance

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Maple Finance is an on-chain institutional credit marketplace that intermediates overcollateralized loans between sophisticated lenders and institutional borrowers such as digital asset treasuries, miners, trading firms, and prime brokers via syrupUSDC, syrupUSDT, and Maple Institutional products on Ethereum and Solana.

Ownership category

akta.pro rank

Product category

Digital Asset Lending

NAICS

Credit Intermediation and Related Activities (522), Activities Related to Credit Intermediation (5223)

SIC

Finance Services (6199), Miscellaneous Business Credit Institution (6159), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Tokenized Collateral & On-Chain Credit Infrastructure (Collateral Mgmt, Liquidations) (FSAGAMAK)

akta.pro secondary industries

Private Credit & Loan Tokenization Platforms (FSADAEAD), Crypto Borrowing & Margin Credit Facilities (FSADAFAC), Embedded Lending & Credit (POS, Working Capital, Credit Lines) (FSAGALAD)

Keywords

• Onchain asset management
• Institutional crypto lending
• Digital asset lending
• Tokenized credit products
• DeFi lending protocol

Headquarters

HQ city

Melbourne

HQ country

Australia

HQ region

Oceania

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Protocol Fees from Lending Operations: Maple generates revenue through protocol fees charged on loans originated through its platform. 25% of protocol revenue funds SYRUP token buybacks and strategic treasury to support sustainable, revenue-backed growth. Monthly revenue reached a record $2.3 million in October 2025.
2. syrupUSDC and syrupUSDT Token Yield Generation: Yield is generated from: (1) interest payments on overcollateralized loans to institutional borrowers governed by Master Lending Agreements, and (2) supporting yield strategies including futures basis trading and DeFi liquidity provision. The spread between yields generated and yields paid to depositors represents protocol revenue.
3. Bitcoin Yield Product (syrupBTC): Bitcoin-backed financing facility with Cantor Fitzgerald, where Cantor plans to provide up to $2 billion in initial financing with Maple as the first borrower. Maple's syrupBTC product enables BTC yield generation.
4. Institutional Secured Lending: Professionally managed, permissioned secured lending pools for sophisticated allocators. Pool AUM of $203M with 5.1% APY, 134.4% collateralization ratio. Fees charged to institutional borrowers under bespoke loan agreements.

Pricing tiers

Go-to-market motion3 records

Distribution channels7 records

Marketing channels9 records

Core offering

Maple Finance operates an onchain capital-efficient corporate debt marketplace that connects institutional borrowers (digital asset treasuries, public companies, miners, trading firms, prime brokers) with lenders through overcollateralized loans governed by Master Lending Agreements and automated smart contracts. It packages institutional credit exposure as tokenized yield-bearing products (syrupUSDC and syrupUSDT) for non-US retail and institutional depositors, and runs a permissioned secured lending product (Maple Institutional) for sophisticated allocators.

Product overview

Maple Finance is a digital asset lending platform and onchain asset management ecosystem offering institutional-grade credit products. The core Maple Protocol provides blockchain-based lending infrastructure connecting capital providers with institutional borrowers. The product portfolio centers on syrupUSDC and syrupUSDT, which are tokenized representations of lender deposits in managed pools generating yield from overcollateralized institutional loans. Maple Institutional offers permissioned secured lending for sophisticated allocators, while the SYRUP Token provides governance rights. The Maple Borrower Hub serves as the operating layer for institutional borrowing operations, and syrupBTC (forthcoming) extends the platform to Bitcoin yield products. Developers can build on the platform via the GraphQL API and SDK.

Differentiator

Problem solved

Functional benefit

Brands

• Syrup: DeFi product making Maple's institutional lending marketplace available to retail users through syrupUSDC and syrupUSDT tokenized stablecoin yield products
• Maple Institutional
• Maple Borrower Hub
• SYRUP

Products and services

• Maple Protocol Foundational blockchain-based lending platform that connects capital providers with institutional borrowers through credit-based lending. Combines smart contract transparency with compliance and due diligence for institutional-grade onchain credit.
• syrupUSDC Tokenized yield-bearing product representing a lender deposit in a USDC pool managed through the Maple Protocol. Generates yield from overcollateralized institutional loans and supporting strategies including futures basis trading and DeFi liquidity provision. Available to non-US users globally; offers 5.1% APY (weighted 4.8%).
• syrupUSDT Tokenized yield-bearing product representing a lender deposit in a USDT pool managed through the Maple Protocol. Generates yield from overcollateralized institutional loans and supporting strategies. Available to non-US users globally; offers 4% APY.
• Maple Institutional - Secured Lending Professionally managed, permissioned secured lending product for sophisticated allocators. Offers 5.1% APY with $203M Pool AUM and 134.4% collateral ratio. Provides tailored financing exposure with full on-chain transparency.
• Maple Borrower Hub Institutional-grade operating platform for how institutions access capital onchain. Provides multi-entity organization views with real-time visibility across loans and legal entities, live loan health metrics, transactions, statements, and an LTV calculator. Features email authentication and granular user permissions for institutional treasury teams.
• SYRUP Token Governance and utility token for the Maple Protocol enabling holders to participate in protocol governance and voting, stake for rewards, and benefit from Drips Rewards funded by 25% of protocol revenue.
• syrupBTC Bitcoin yield product enabling users to earn yield on Bitcoin holdings through Maple's secured lending facilities, supported by a Cantor Fitzgerald Bitcoin-backed financing facility of up to $2 billion in initial financing.

Quantifiable outcome

• Over $22.42 billion in crypto loans facilitated since inception, with 400+ loans issued and 100+ borrowers
• +7 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature11 records

Partnerships

Five partnerships are on record, tiered strategic and core.

• Core FoundationstrategicStrategic or Co-development Partner · 22 May 2026Core Foundation and Maple International Operations SPC reached full and final settlement in May 2026 of arbitration and Cayman Islands court proceedings. The dispute involved Core's IstBTC product and Maple's syrupBTC. Maple will proceed with syrupBTC launch. Core remains focused on Core network Bitcoin products.
• TempostrategicStrategic or Co-development Partner · 21 May 2026Maple brought institutional yield opportunities to Tempo's fintech infrastructure through syrupUSDC integration. This partnership expands syrupUSDC distribution via Tempo's fintech user base.
• BitpulsecoreTechnology or Integration · 18 November 2025Maple integrated Bitpulse's risk underwriting technology for real-time risk monitoring and management across its portfolio of over $5 billion in assets. The integration enhances operational rigor, transparency, and risk assessment in decentralized finance, positioning Maple as a leader in institutional-grade on-chain asset management.
• AavecoreTechnology or Integration · 21 October 2025Maple partnered with Aave to integrate Maple's stablecoins into Aave's markets. This diversifies liquidity and stabilizes borrow demand as DeFi protocols see increased institutional participation. syrupUSDC scaled past $200 million on Aave/Base, with Maple also deployed on Aave Horizon ($161M across Fluid and other protocols).
• ChainlinkcoreTechnology or Integration · 6 January 2025Maple uses Chainlink CCIP for cross-chain mint/redeem operations enabling syrupUSDC access across Ethereum, Solana, Arbitrum, Base, and Plasma. Chainlink oracles provide decentralized price feeds resistant to flash loan attacks. CCIP Receiver audited by Dedaub and Sigma Prime in late 2025/early 2026.

Scale indicators15 records

Recent moves7 records

Expansion highlights6 records

Emerging players

• Goldfinch: Goldfinch is a decentralized credit protocol focused on extending loans to real-world businesses in emerging markets without crypto collateral. It is comparable to Maple as an institutional DeFi lending platform, though Goldfinch emphasizes uncollateralized real-world lending while Maple focuses on overcollateralized institutional loans.
• Centrifuge: Centrifuge is an RWA tokenization protocol that brings real-world assets, including invoices and private credit, on-chain via its Tinlake pools. It is comparable to Maple as a tokenized private credit platform, with Centrifuge holding ~24.7% of the mid-tier RWA tokenization market just behind Maple's 25.4%.

Direct peers

• Aave: Aave is the largest decentralized lending protocol with broad collateral support and pool-based lending. Maple directly integrates with Aave (syrupUSDC deployed on Aave V3 and Aave Horizon) and competes for similar on-chain credit demand, particularly from institutional borrowers and lenders seeking overcollateralized exposure.
• Compound: Compound is one of the foundational DeFi lending protocols offering algorithmic, overcollateralized lending markets. It is comparable to Maple as a core DeFi credit primitive, though Compound historically targets more permissionless, smaller-scale lending while Maple specializes in institutional borrowers with bespoke structuring.
• TrueFi: TrueFi is a DeFi lending protocol offering both uncollateralized and undercollateralized institutional loans through on-chain credit pools. It is comparable to Maple as an institutional-focused credit marketplace, though TrueFi has historically experimented with uncollateralized term loans while Maple emphasizes overcollateralization.
• MakerDAO / Sky: MakerDAO (now Sky) is the largest DeFi credit protocol issuing DAI/USDS through collateralized debt positions. It is comparable to Maple as a foundational on-chain credit and stablecoin issuance platform, though MakerDAO emphasizes algorithmic stablecoin creation while Maple focuses on institutional lending against stablecoin collateral.
• Morpho: Morpho is an emerging DeFi lending protocol offering optimized lending markets via peer-to-peer matching overlays on Aave and Compound. It is comparable to Maple as a next-generation on-chain credit platform with institutional ambitions, competing for similar lender and borrower flows.
• Clearpool: Clearpool is a decentralized credit marketplace that connects institutional borrowers with lenders via permissioned pools, similar to Maple's model. Both protocols target institutional borrowers (trading firms, market makers) with overcollateralized, KYC-gated lending pools and compete directly for similar institutional credit flows.

Broad incumbents

• Figure Markets: Figure operates in blockchain-enabled private credit and securitization, with Provenance Blockchain supporting RWA tokenization and lending markets. It is comparable to Maple as a hybrid TradFi/DeFi institutional credit platform leveraging blockchain rails for transparency and liquidity in private credit.
• Ondo Finance: Ondo Finance is a leading RWA tokenization platform offering tokenized US Treasuries and other yield-bearing products. It is comparable to Maple as a tokenized yield platform competing for similar institutional capital, with Ondo leading the mid-tier RWA tokenization market at 36.1% share versus Maple's 25.4%.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks1 record

Key highlights7 records

Customer concentration

• Xx.com/maplefinance
• YouTubeyoutube.com/channel/UCXJPzNcN_kSXj82EfRrV1pQ
• LinkedInlinkedin.com/company/maplefinance

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries3 records

Funding overview

Funding rounds3 records

Investors22 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Maple Finance