Bitwise makes first institutional DeFi allocation
Onchain data from early March suggests Bitwise’s allocation into Maple Finance’s products topped $5 million.
Bitwise Asset Management has made its first institutional decentralized finance (DeFi) allocation, depositing into Maple Finance’s overcollateralized Bitcoin loans, Maple told Cointelegraph on March 6.
Maple did not disclose the size of the investment but confirmed that Bitwise’s allocation is represented in Dune Analytics total value locked (TVL) figures for Maple’s “blue chip secured” strategy.
Those figures show a roughly $5 million increase in Maple’s TVL between March 4 and March 5.