WebsCrypto
  • News
  • Prices
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Blockchain
  • DeFi
  • Policy
  • Opinions
  • Guides
  • PR
Facebook Twitter LinkedIn Telegram
WebsCryptoWebsCrypto
ADVERTISE
  • News
  • Prices
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Blockchain
  • DeFi
  • Policy
  • Opinions
  • Guides
  • PR
WebsCrypto
Business

Tesla Taps Makerdao-Backed Lender to Close $7.8 Million Real Estate Financing Deal

By WebsCryptoApril 1, 20221 Min Read
Tesla Taps Makerdao-Backed Lender to Close $7.8 Million Real Estate Financing Deal
Share
Facebook Twitter Telegram LinkedIn Reddit Email

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.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
Crypto Cryptocurrency DAO
Related News

Crackdown on Crypto Crime: UK Sets Out Plans

Aspen Digital Appoints Elliot Andrews as CEO

Report: Cryptocurrency Donations Will Exceed $10 Billion in Ten Years

India to Collect Over $19.2 Million in Cryptocurrency Taxes in FY 2023

Mike Novogratz: Despite U.S. Regulations, Cryptocurrency Markets Have Been Strong This Year

US Government Seizes $5.6 Billion Worth of Bitcoin in Three High-Profile Cases

The Latest
News April 1, 2023
Crackdown on Crypto Crime: UK Sets Out Plans
Business April 1, 2023
Aspen Digital Appoints Elliot Andrews as CEO
News March 31, 2023
SBF Pleads Not Guilty to All 13 Counts
News March 30, 2023
Report: Cryptocurrency Donations Will Exceed $10 Billion in Ten Years
News March 30, 2023
India to Collect Over $19.2 Million in Cryptocurrency Taxes in FY 2023
Block 3000

WebsCrypto contains crypto news about cryptocurrencies, bitcoin, ethereum, altcoins and more.

Facebook Twitter LinkedIn Telegram RSS
Categories
  • News
  • Markets
  • Business
  • Markets
  • Opinions
  • Guides
  • Press Release
  • Sponsored
Tags
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Blockchain
  • DeFi
  • Regulation
  • Policy
About
  • About Us
  • Contact Us
  • Advertise
  • Crypto Prices
  • Privacy Policy
  • Terms of Service
© 2023 WebsCrypto.

Type above and press Enter to search. Press Esc to cancel.