- Friction, Solana’s premier portfolio management platform, expands into the credit market through Undercollateralized Lending for Institutions
- Friction Institutional Credit serves the strong and growing demand from institutions for higher yielding products while ensuring that transparent and robust risk management systems are in place
- Friction has amassed over 17,000 users and traded >$3 billion volume on over 25 assets, with a combined value of $30 million
Giving institutions access to the best of DeFi
Singapore, Singapore–(Newsfile Corp. – November 6, 2022) – Friktion, Solana’s leading portfolio management platform, which launched in December 2021, has successfully attracted crypto-native and traditional institutions with up to US$60 billion in assets under management Manage dollars and seek access to leading risk-adjusted and transparent returns on DeFi. Friction Institutional is a new arm of the protocol that aims to accelerate the momentum of institutions adopting DeFi infrastructure and portfolio management.
Friction launches Institutional Undercollateralized Lending
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Friction Institutional Credit, The first product of the new division unlocks access to a diversified source of returns in DeFi with fixed income. As the crypto lending markets mature alongside the addition of more sophisticated participants, Friction aims to capitalize on this burgeoning market opportunity by leveraging a robust and decentralized risk management framework with institutional infrastructure.
"It is evident that there is a growing demand for institutional crypto lending. However, for the market to mature, there needs to be a more sophisticated solution that provides a robust yet transparent infrastructure for institutions – with an emphasis on lender seniority, clear underwriting standards and risk management."
– Ken Chia, Head of Friction Institutional
Institutional friction…
