Clearpool Launches Institutional Credit Marketplace on Arbitrum

The DeFi credit protocol has received an ARB token grant from the Arbitrum Foundation to support its growth.

DeFi credit marketplace Clearpool has launched its institutional platform, Clearpool Prime, on Arbitrum, the largest Ethereum Layer 2 network by total value locked (TVL).

Accompanying the launch, $18 million in loans have been originated to Flow Traders and Bastion Trading, prominent firms in the digital asset space.

“Launching on Arbitrum marks a significant milestone for Clearpool as we pioneer a new era of institutional-grade credit solutions, bridging traditional finance with DeFi,” said Jakob Kronbichler, CEO and co-founder of Clearpool.

Clearpool is a credit marketplace specifically designed for unsecured institutional liquidity. It features a permissionless marketplace where institutions can raise short-term capital while providing decentralized lenders with access to risk-adjusted returns based on market-driven interest rates.

Clearpool takes a dual approach to lending, offering permissionless pools alongside Clearpool Prime, which caters to institutional needs for compliance and KYC verification. Since introducing Clearpool Prime, more than $70 million of loans have been facilitated through the platform.

Clearpool has been awarded an ARB token grant from the Arbitrum Foundation to support its growth and development. With more than $16 billion in TVL, Arbitrum represents nearly 40% of the Layer 2 sector, according to L2beat. The collaboration aims to leverage the technical strengths of Arbitrum to enhance Clearpool’s offerings, particularly in terms of security and scalability for on-chain credit transactions.

“We’re proud to support Clearpool on the Arbitrum network and provide a grant to spur the protocol’s growth within our community, all while continuing to enhance our DeFi offerings to our expanding and passionate ecosystem of traders,” said Nina Rong, Head of Ecosystem Development at the Arbitrum Foundation.

The partnership reflects the ongoing evolution within the DeFi sector, which aims to blend traditional financial mechanisms with the innovation and flexibility offered by decentralized finance, and could potentially open new avenues for institutional participation in DeFi.