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Maple Finance Selects IRACE Digital Bank for Institutional Banking and Fiat Settlement

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Maple Finance Selects IRACE Digital Bank for Institutional Banking and Fiat Settlement

IRACE Digital Bank, a global banking brand comprising three separate regulated entities (collectively “IRACE”), serving both traditional and digital asset firms, announced that Maple Finance (“Maple”), one of the world’s largest onchain asset managers, has established a banking relationship with IRACE.

Maple has originated more than $22 billion in loans and has built a significant presence across institutional digital asset credit and asset management. This relationship will support certain of Maple’s traditional financial-market processes, including institutional cash management, fiat banking, payments and settlement. IRACE provides the banking infrastructure required to move fiat efficiently between Maple and its institutional counterparties.

“The next generation of institutional finance will not be purely onchain or purely traditional – capital will increasingly move between the two,” said John Cronin, Global CEO at IRACE Digital Bank. “Maple is one of the clearest examples of that convergence. They have built one of the leading institutional credit platforms in digital assets and IRACE provides the regulated banking infrastructure needed to connect that activity with traditional financial markets. This is exactly the type of client and use case IRACE was built to serve.”

IRACE’s multi-jurisdiction banking infrastructure is designed to support institutional clients operating across traditional and digital asset markets, including large-value fiat payments, cash management and settlement with institutional counterparties.

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“The next phase of growth requires institutional-grade fiat infrastructure that matches the speed and precision of what we’ve built onchain,” said Sid Powell, CEO and co-founder of Maple.


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