Jane Street, one of the largest market makers, has just reached an agreement with cryptocurrency hedge fund BlockTower Capital to raise a $25 million in USDC loan through Clearpool, an institution-oriented lending protocol, the latter has reported.
In 2020, Jane Street completed $17 trillion in securities transactions.
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It should be noted that the loan amount can be doubled depending on market conditions.
Jane Street Capital and BlockTower Capital are implementing the initiative through Clearpool's first private liquidity fund, a structure that allows institutional borrowers with high KYC/AML requirements to access capital without providing a fully transparent list of lenders.
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In addition, public liquidity pools have already been launched on the platform. The providers have been Amber Group, Auros Global, FBG Capital, Folkvang and Wintermute. In these structures, whitelisted institutional borrowers can borrow stablecoins from both retail investors and institutions.