June 28 (Cointime) - Maple Finance has launched its first direct lending arm, Maple Direct, aimed at institutions seeking capital market solutions for Web3 projects. The new division will provide loans to Web3 infrastructure companies, asset management firms, and liquidity providers, subject to strict KYC and AML standards.

Maple Direct's lending products will be overcollateralized and secured by BTC and ETH collateral held in segregated accounts managed by qualified custodians. The move into direct lending follows Maple Finance's winding down of its active lending pools due to liquidity pressures caused by missed loan repayments from clients Orthogonal Trading and Auros.