On March 30, MakerDAO-backed commercial lender 6s Capital closed a $7.8 million real estate financing deal for Tesla. In March, a Maker governance proposal suggested the project embrace RWAs by integrating with under-collateralized lending protocols.
Maker also integrated with asset financing protocol Centrifuge last year, allowing the platform’s asset originators to borrow DAI with non-cryptocurrency collateral, including real estate, mortgages and invoices. Launched in 2020, 6s Capital facilitates lending through the MakerDAO protocol in response to the lack of credit supply during the covid pandemic. 6s Capital enters MakerDAO’s vault as a client of RWA Corporation.
On its website, RWA Co. describes itself as acting as a bridge between institutional borrowers and decentralized finance by specifically helping its clients access MakerDAO’s vaults.
