DeFi lender Credix_finance has opened an insurance-protected private credit lending pool that loans to Colombian farmers on solana. SolanaFndn and KeyrockTrading are among the first investors. sndr_krisztian reports
Digital asset investor demand for RWAs surged this year to capture rising yields in traditional lending markets. This also came as participants became disillusioned with crypto lending after last year’s dramatic implosions.
Colombia-based fintech firm Clave and its affiliate Liquitech underwrite and originate the loans in Colombian pesos via a bankruptcy remote trust and pledge the receivables as collateral. The underlying private note is settled through the Credix platform in USDC stablecoin. CESCE Colombia, subsidiary of Spanish Export Credit Agency, insures the receivables.
“This groundbreaking initiative not only brings a unique offering to the market but also holds power to make a significant social and economic impact by providing crucial financial support to farmers in Colombia," Thomas Bohner, chief executive of Credix, said in a statement.
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