Maple Finance has been granted an exemption from the United States Securities and Exchange Commission (SEC), allowing it to offer its one-month US Treasury yields to accredited investors in the US. Previously, the Treasury pools were only available to accredited investors outside the US.
Through the SEC Regulation D Rule 506(c) Exemption, companies may provide investment products to US-based individual investors whose annual income exceeds $200,000 ($300,000 if their spouse is included) or whose net worth is over $1 million, excluding the value of their primary residence. Accredited US organisations, such as banks, are also able to purchase such investment products.
Maple Finance currently has over 21 million USD Coin USDC deposited into its Treasury pool. This pool has an annualised yield of 4.76%, with no outbound or incoming fees apart from a 0.50% annualised management fee deducted from the yield.
The process to join the Maple Finance Treasury pools is straightforward, taking only 15 minutes to onboard. Lenders can download monthly interest statements whenever they want, and withdrawals are processed within 48 hours.