In 2019 he co-founded Maple Finance, an onchain asset manager that builds institutional credit infrastructure on public blockchains. The firm says it has originated more than $24 billion in loans and now manages more than $4.6 billion in assets.
In this In Profile, Sid Powell, CEO and co-founder at Maple Finance, discusses bringing securitisation onchain, why DeFi is judged by its worst week, and what it will take for institutional allocators to follow.
Maple is an onchain asset manager, meaning we’re a platform that uses blockchain infrastructure to manage both crypto and traditional assets. We build institutional grade credit infrastructure on public blockchains, pairing traditional capital markets fundamentals with the transparency and settlement speed crypto rails make possible. We started in 2019 on the idea that credit markets don’t need to be opaque in order to be safe. Every loan we originate sits on a public transparency page, so lenders can see collateralisation and performance in real time instead of waiting on a quarterly report.
Since 2022 we’ve originated more than $24 billion in loans across multiple market cycles, spanning secured lending and structured credit for institutional borrowers and lenders. More recently, we’ve built products like syrupUSDC and syrupUSDG that bring that same institutional grade yield to a much wider audience, including people on mainstream platforms who never touch decentralised finance (DeFi) directly. The purpose hasn’t changed since day one: make credit markets more transparent and more efficient, without cutting corners on risk.
An achievement I’m proudest of this year is launching our own token, syrupUSDG, with Robinhood and Paxos .
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