April 20 (Cointime) - Maple, a decentralized finance (DeFi) platform, has announced the launch of its Cash Management Pool, a new onchain cash management solution designed to simplify access to US Treasury bill yields while meeting the liquidity, risk, and accounting requirements of customers. 

The pool is aimed at onchain allocators who face significant challenges accessing low-risk yield opportunities offchain, such as accessing banks and brokerages with the necessary infrastructure and administration, and the heightened risk of operating offchain in certain jurisdictions.

“This pool lets stablecoin holders focus on their core business activities whilst we take care of the technicalities. The access to banking and deposit services for startups has narrowed so the importance of having this service onchain cannot be overstated. We’re really proud to bring this to market at the perfect time with partners that share the same commitments.”Sid Powell, CEO and Co-Founder, Maple Finance.

With the Cash Management Pool, non-US DAOs, offshore companies, Web3 treasuries, and HNWI participants can now put their idle funds to work, with the pool providing the most direct access to Treasury bill yields, while meeting their liquidity, risk, and accounting requirements. The pool will pass the 1-month US Treasury bill rate, less fees, to lenders, with Room40 Capital, an institutional crypto hedge fund, establishing a stand-alone SPV to be the sole borrower from the pool. The team has decades of operational and trading experience in the US Treasury market.

The Cash Management Pool is expected to attract a wide range of customers, including non-US DAOs, offshore companies, Web3 treasuries, and HNWI participants, who are looking for better cash management solutions.