Updates from the global crypto lending industry

CCA Updates

New Content

Decentralized Lending: A Guide to Understanding the Mechanics of DeFi Loans
(By Arkis)

Smart Contract Vulnerabilities in ON-Chain lending – Part II (By Cicada Partners)

The CCA’s Position on the Sam Bankman-Fried Conviction (By CCA Staff)

FASB’s New Rules for Crypto Accounting What You Need to Know (By Credora)

A Beginner’s Guide to Lending Crypto (By CCA Staff)

Welcome New CCA Members:

Arkis (DeFi Prime Broker) – www.arkis.xyz

Cicada Partners (Institutional Credit Risk Management On Chain) – cicada.partners

Industry News

Binance and CEO Plead Guilty to US Federal Charges – US$4bn Penalty

The United States Department of Justice’s investigation into crypto exchange Binance and CEO Changpeng Zhao on numerous charges resulted in one of the largest fines ever levied in a financial services prosecution – even though the deal does not include the US Securities and Exchange Commission (SEC)

The case’s impact on regulation, and on the crypto lending sector specifically, remains to be seen.  Coindesk reports views that this is a “very favorable outcome” for Binance, and removes obstacles to a Bitcoin ETF.

TradFi Banks Continue Expanding Crypto Activities

Austrian-based Raiffeisen Bank International (RBI) joins other major multinational banks in moving into crypto services – in this case, crypto trading.

This follows on the heels of large firms such as Santander (Spain) and ING (Netherlands) entering crypto lending activities, Commerzbank (Germany) receiving a crypto custody license, and HSBC (UK) launching a digital assets custody service.

Members and Friends

Cicada Partners Launches Osprey Credit Pool on Maple Finance

From Cicada’s announcement:

“Cicada is excited to announce the launch of the Osprey Total Return Credit Pool on Maple Finance, furthering the platform’s momentum into real world assets (RWAs).

The Pool enables on-chain allocators a unique opportunity to gain exposure to an actively managed credit portfolio with structural loss protections.”

RWA.xyz publishes The Spectrum of Tokenization Report

Analytics firm RWA.xyz recently released “a novel framework for understanding tokenized asset finance.

The report is available here.

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