Clearpool forms collaboration with Cicada
12 August UAE
Image: Kelt/stock.adobe.com
Clearpool, a blockchain trading platform, is forming a strategic alliance with Cicada Partners, who will institutionalise payment financing (PayFi) lending with risk-controlled credit pools.
Cicada, a blockchain credit risk advisory and administrative organisation, will format and secure PayFi borrowing opportunities for selected debtors.
The organisation will also oversee their credit pools with Clearpool’s Port Vaults, and act as the management and surveillance broker representing the borrowers.
Cicada facilitates Risk-as-a-Service (RaaS) systems involving third-party financing, pool administration for DeFi protocols, risk breakdown structure and providing advisory services personalised for institutional clients in the on-chain and real-world asset sectors.
Clearpool is broadening its PayFi offerings, as a fast growing credit vertical expediting international stablecoin transactions for large fintechs in retail settlements, global payments and more.
The framework has so far served US$830 million in stablecoin credit.
Clearpool is also adopting PayFi Credit Pools and cpUSD, an unrestricted, yield-bearing cryptoasset that aims to catch returns from capital demands of fintechs payment flows of billions in USDC and USDT.
This collaboration represents a move towards easing entry into PayFi borrowing opportunities.
Clearpool and Cicada are aiming to ramp up the adoption of PayFi, through building the foundation of a protected, ascendable stablecoin infrastructure.
Jakob Kronbichler, CEO and co-founder of Clearpool, says: “While stablecoin settlements are instant, underlying fiat flows are not, forcing fintechs to bridge liquidity gaps. By integrating Cicada’s risk management and structuring expertise, Clearpool is strengthening its institutional infrastructure for PayFi lending.”
Sefton Kincaid, manager partner of Cicada Partners, adds: “Partnering with Clearpool allows us to elevate PayFi lending by combining our underwriting and risk management expertise with their innovative credit products. Together, we’re advancing professionally managed Credit Pools and strengthening Clearpool’s offering to borrowers and lenders in the growing stablecoin economy.”
Cicada, a blockchain credit risk advisory and administrative organisation, will format and secure PayFi borrowing opportunities for selected debtors.
The organisation will also oversee their credit pools with Clearpool’s Port Vaults, and act as the management and surveillance broker representing the borrowers.
Cicada facilitates Risk-as-a-Service (RaaS) systems involving third-party financing, pool administration for DeFi protocols, risk breakdown structure and providing advisory services personalised for institutional clients in the on-chain and real-world asset sectors.
Clearpool is broadening its PayFi offerings, as a fast growing credit vertical expediting international stablecoin transactions for large fintechs in retail settlements, global payments and more.
The framework has so far served US$830 million in stablecoin credit.
Clearpool is also adopting PayFi Credit Pools and cpUSD, an unrestricted, yield-bearing cryptoasset that aims to catch returns from capital demands of fintechs payment flows of billions in USDC and USDT.
This collaboration represents a move towards easing entry into PayFi borrowing opportunities.
Clearpool and Cicada are aiming to ramp up the adoption of PayFi, through building the foundation of a protected, ascendable stablecoin infrastructure.
Jakob Kronbichler, CEO and co-founder of Clearpool, says: “While stablecoin settlements are instant, underlying fiat flows are not, forcing fintechs to bridge liquidity gaps. By integrating Cicada’s risk management and structuring expertise, Clearpool is strengthening its institutional infrastructure for PayFi lending.”
Sefton Kincaid, manager partner of Cicada Partners, adds: “Partnering with Clearpool allows us to elevate PayFi lending by combining our underwriting and risk management expertise with their innovative credit products. Together, we’re advancing professionally managed Credit Pools and strengthening Clearpool’s offering to borrowers and lenders in the growing stablecoin economy.”
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