“Our partnership with Clave will further Credix's mission to connect institutional investors globally with attractive, risk-adjusted credit opportunities.” Thomas Bohner (Credix CEO)
Decentralized credit marketplace, Credix Finance, has announced a partnership with digital lending platform, Clave, to bring debt capital markets on-chain. Credix is set to launch a $150 million stablecoin credit pool with Clave to originate loans for businesses and consumers in Latin America.
The company announced the partnership on Twitter, describing the deal as the “largest DeFi RealWorldAsset debt facility.”
According to a press release from Clave, the credit facility will open in 2023, with debt denominated in the dollar-pegged stablecoin USDC.
The Clave debt pool, like all Credix credit pools, will be divided into smaller funds known as "tranches" to provide investment options for institutional investors with varying return-on-risk profiles. Tranches with lower risk, for instance, will pay less yield.
Co-Founder and CEO of Credix, Thomas Bohner, commented on the partnership, stating that Credix will lead the way as debt capital markets become on-chain.
According to Thomas,
“Within the next decade, debt capital markets will be on-chain and democratized[...]Credix leads the way.”
He added,
“Our partnership with Clave will further Credix's mission to connect institutional investors globally with attractive, risk-adjusted credit opportunities.”
Clave noted that the partnership advances a shared commitment to financial inclusion and social responsibility. The huge user base of Clave's digital origination infrastructure, combined with Credix's decentralized distribution network, will deliver financing to a large number of firms and individuals formerly overlooked by financial markets.
