DeFi
Clearpool Launches Institutional Credit Marketplace on Arbitrum
DeFi credit protocol received an ARB token grant from the Arbitrum Foundation to support its growth.
DeFi lending marketplace Clearpool has launched its institutional platform, Clearpool Prime, on Arbitrum, the largest Ethereum Layer 2 network by total value locked (TVL).
Alongside the launch, $18 million in loans were provided to Flow Traders and Bastion Trading, leading digital asset companies.
“Launching on Arbitrum marks a significant milestone for Clearpool as we usher in a new era of institutional-grade credit solutions, bridging traditional finance with DeFi,” said Jakob Kronbichler, CEO and co-founder of Clearpool.
Clearpool is a credit marketplace purpose-built for unsecured institutional liquidity. It provides a permissionless marketplace where institutions can raise short-term capital while providing decentralized lenders with access to risk-adjusted returns based on market-determined interest rates.
Clearpool takes a dual approach to lending, offering permissionless pools alongside Clearpool Prime, which addresses institutional compliance and KYC needs. Since the launch of Clearpool Prime, over $70 million in loans have been facilitated through the platform.
Clearpool has received an ARB token grant from the Arbitrum Foundation to support its growth and development. With over $16 billion in TVL, Arbitrum represents nearly 40% of the Layer 2 sector, according to L2beatThe collaboration aims to leverage Arbitrum’s technical strengths to enhance Clearpool’s offerings, particularly in terms of security and scalability for on-chain credit transactions.
“We are proud to support Clearpool on the Arbitrum Network and provide a grant to fuel the growth of the protocol within our community, while continuing to enhance our DeFi offerings for our growing and passionate ecosystem of traders,” said Nina Rong, Head of Ecosystem Development at the Arbitrum Foundation.
This partnership reflects the continued evolution of the DeFi sector, which aims to combine traditional financial mechanisms with the innovation and flexibility offered by decentralized finance, and could potentially open new avenues for institutional participation in DeFi.