Maple Finance partners with Elwood to expand digital credit for institutions.

Maple Finance and Elwood Technologies have just announced a partnership to expand access to digital asset credit for large financial institutions.

According to the agreement, the on-chain lending and asset management platform of Maple will be integrated with the trading, portfolio management, and risk governance tools of Elwood. This combination aims to address the infrastructure limitations that hinder traditional banks and investment funds from participating in the crypto market.

CEO of Maple, Sid Powell, stated that the partnership will provide on-chain credit opportunities with "institutional standards," while CEO of Elwood, Chris Lawn, emphasized that credit is an essential piece of the crypto market and requires infrastructure equivalent to other asset classes.

This move comes in the context of increasing demand for tokenized credit and fixed income products, with similar initiatives from Ripple and Credbull bringing U.S. Treasury bonds and private credit onto the blockchain.