{"id":403265,"date":"2022-02-03T18:00:00","date_gmt":"2022-02-03T15:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/a16z-backed-truefi-launches-defi-lending-market-for-asset-managers\/"},"modified":"2022-02-03T18:00:00","modified_gmt":"2022-02-03T15:00:00","slug":"a16z-backed-truefi-launches-defi-lending-market-for-asset-managers","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/a16z-backed-truefi-launches-defi-lending-market-for-asset-managers\/","title":{"rendered":"# a16z-backed TrueFi launches DeFi lending market for asset managers"},"content":{"rendered":"<p>&#8220;<strong># a16z-backed TrueFi launches DeFi lending market for asset managers  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDIvMzdkMjBkNGYtNTNkOC00MjFmLTgzZWQtMDQ1ZjY2Y2E2YjRkLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Stablecoin operator TrustToken has launched a new lending marketplace that allows asset managers to create their own decentralized finance products, potentially opening the door to wider mainstream adoption of DeFi solutions.\u00a0<\/p>\n<p>The new lending marketplace, which is offered on unsecured lending protocol TrueFi, gives independent financial institutions the ability to design, launch and fund new investment products. Asset managers also have access to TrueFi\u2019s pool of lenders and borrowers as well as TrustToken\u2019s institutional offerings. <\/p>\n<p>Version 1 of the TrueFi protocol was <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/blog.trusttoken.com\/the-truefi-protocol-roadmap-92f388ac6eb3\">shipped<\/a> to institutional clients in November 2020 around the same time that the native TRU token launched. The protocol allows for the creation of collateral-free loans denominated in the TrueUSD stablecoin and vetted using on-chain credit scores. In 2021, the protocol originated $1 billion worth of loans. <\/p>\n<p>TrueFi is described as an \u201c<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a> store for lending,\u201d but instead of developers launching applications, the protocol enables asset managers to launch new financial portfolios directly on-chain. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Institutions are bullish on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a>! <\/p>\n<p>The amount of BTC held by public companies has gained significant market share from that held in spot ETFs. https:\/\/t.co\/DZP2AlMXlh<\/p>\n<p>\u2014 Cointelegraph (@Cointelegraph) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Cointelegraph\/status\/1478041036362592256?ref_src=twsrc%5Etfw\">January 3, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nOn Thursday, Delt.ai, a Mexico-based Y-Combinator startup, was announced as TrueFi\u2019s first non-crypto financial partner. Since December, the startup has used TrueFi to originate millions of dollars worth of loans and expects to lend up to $25 million to Latin American businesses by the end of 2022. <\/p>\n<p>TrueFi\u2019s current lenders are \u201clargely private, pseudo-anonymous individuals and family offices in DeFi, participating at a range of investment sizes,\u201d TrustToken CEO Raphael Cosman told Cointelegraph in a written statement. TrueFi\u2019s borrowers are likewise increasingly diverse, representing crypto hedge funds, venture capital-backed startups and soon-to-include traditional financial institutions. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Crypto infrastructure firm Fireblocks valued at $8B following $550M raise<\/em><\/strong><\/p>\n<p>When asked about the driving force behind the growing institutional adoption of blockchain-based financial products, Cosman told Cointelegraph that \u201ccapital will always seek the best risk-adjusted yields,\u201d regardless of whether it\u2019s coming from DeFi or traditional finance. <\/p>\n<p>\u201cThe best yields are no longer in traditional markets, like equities or bonds, but in DeFi,\u201d he said. \u201cThat promise of lucrative returns is the biggest force pulling traditional finance on-chain, and we expect it to continue.\u201d<\/p>\n<p>Even with the promise of higher yields, the transition to the unfamiliar world of crypto isn\u2019t easy for many financial institutions. Cosan explained:<\/p>\n<blockquote><p>\u201cFirst, it takes any organization time to understand and become comfortable with the \u201cwild west\u201d of crypto. This includes understanding the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>, the risks, the mechanisms for trading and custody of assets, and how to bring money into and out of crypto [&#8230;] The same goes for compliance and regulatory clarity.&#8221;<\/p><\/blockquote>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Institutions want Bitcoin now more than ever, and Fidelity just revealed that 90% of their biggest clients are clamoring for crypto. https:\/\/t.co\/MdsFljbqhL<\/p>\n<p>\u2014 Cointelegraph (@Cointelegraph) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Cointelegraph\/status\/1427744613893300233?ref_src=twsrc%5Etfw\">August 17, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>SBF \u2018optimistic\u2019 about institutional crypto adoption in 2022<\/em><\/strong><\/p>\n<p>Institutional involvement in the blockchain industry has broadened considerably over the past year, with asset managers buying into cryptocurrency funds and financial institutions utilizing crypto transactions with greater frequency. Several crypto-focused companies have also expanded their service offerings to target institutions, chief among them being ConsenSys, the blockchain infrastructure provider behind popular wallet extension MetaMask. In May 2021, the company announced a new service designed to onboard institutional players to the DeFi ecosystem. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/a16z-backed-truefi-launches-defi-lending-market-for-asset-managers\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# a16z-backed TrueFi launches DeFi lending market for asset managers &#8221; Stablecoin operator TrustToken has launched a new lending marketplace that allows asset managers to create their own decentralized finance products, potentially opening the door to wider mainstream adoption of DeFi solutions.\u00a0 The new lending marketplace, which is offered on unsecured lending protocol TrueFi, gives&#8230;<\/p>\n","protected":false},"author":1,"featured_media":403266,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDIvMzdkMjBkNGYtNTNkOC00MjFmLTgzZWQtMDQ1ZjY2Y2E2YjRkLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[77473,86524,77595,117],"class_list":["post-403265","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-andreessen-horowitz","tag-asset-management","tag-lending","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/403265","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=403265"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/403265\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/403266"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=403265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=403265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=403265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}