Clearpool, UAE-based DeFi financial marketplace, announced its launch on Arbitrum, the leading Layer 2 technology that empowers users to explore and build in the largest Layer 1 ecosystem, Ethereum.
The integration marks the debut of Clearpool Prime on Arbitrum, an institutional-grade credit marketplace.
“USDC 18 million of loans have already originated upon launching on Arbitrum to Flow Traders, a leading Euronext-listed global trading firm, and Bastion Trading, a prominent global digital assets trading firm and liquidity provider,” the platform said in a media release.
DeFi credit marketplace said it has also received a grant in ARB tokens from the Arbitrum Foundation to support the protocol’s growth and technical development.
“Launching on Arbitrum marks a significant milestone for Clearpool as we pioneer a new era of institutional-grade credit solutions, bridging traditional finance with DeFi,” said Jakob Kronbichler, CEO and Co-founder of Clearpool.
“The origination of USDC 18 million in loans on Arbitrum upon launch underscores the growing demand and credibility of the Arbitrum ecosystem,” he said.
Nina Rong, Head of Ecosystem Development at The Arbitrum Foundation, said RWA lending has quickly become a popular investment vehicle for both institutions and retail traders alike.
“We’re proud to support Clearpool on the Arbitrum network and provide a grant to spur the protocol’s growth within our community, all while continuing to enhance our DeFi offerings to our expanding and passionate ecosystem of traders,” Rong said.
Clearpool Prime is widely seen as the future of private credit, seamlessly bridging traditional private credit markets with decentralised lending ecosystems.
Designed to meet the growing institutional demand for on-chain credit, Clearpool Prime enables institutions to transact through non-custodial smart contracts in a fully compliant, KYC-verified environment.
Since its inception, over $70 million of loans have originated on Clearpool Prime, the company said.
Arbitrum, with its powerful suite of Layer 2 scaling solutions, is shaping the future of Ethereum, making it possible for projects to leverage Ethereum’s security to build next-gen apps.
Follow us on
