Korea is one of the most active digital asset markets in the world, and a priority for Cap.
We're expanding to GIWA, the L2 developed by Upbit operator Dunamu, with @AmmoraHQ as our launch partner.
Incubated by GIWA to build its liquidity layer, Ammora will help bring cUSD to Korea.
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We’re excited to welcome @CapApp as a strategic partner.
Cap is an onchain credit market extending financing to sectors including robotics, manufacturing and media.
Together, we’ll expand cUSD adoption and liquidity on GIWA, while enabling Ammora users to access stcUSD.
Ammora will also actively pursue further stablecoin partnerships to support the growth of the GIWA ecosystem.
More to come from Ammora and Cap.
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🎥 @Benjamin918_, Founder & CEO of @CapApp, tells @jd_durkin they let companies use off-chain tax credits as collateral and give them stablecoins.
He adds that every loan is insured with a credit default swap backed by liquid assets.
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Two teams that naturally work well together
The future of DeFi is tapping into the real world. @ether_fi has been helping us do that since the very beginning
@CapApp we do like our partnerships a little Bold 😏
ether․fi and @CapApp go way back.
We’ve collaborated on institutional restaking with @M11Credit and @symbioticfi, and been depositing into Cap’s protocol for a while.
Liquid Bold USD is the next chapter.
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Cap has provided financing for Wake, an upcoming film starring Cole Sprouse, Riki Lindhome, and Chris Parnell.
The deal uses stablecoin-powered lending backed by film production tax credits.
Earlier this year, @CapApp CEO @Benjamin918_, joined us to explain how their credit model connects onchain capital with real-world businesses.
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Yes, films are now borrowing stablecoins
Today on Taking Stock | Major indexes sink deep in the red as tech sell-off intensifies.
@Eric_Criscuolo discusses markets erasing post-election rally gains + @CapApp CEO @Benjamin918_ on bringing onchain credit to Hollywood!
@jd_durkin has more.
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Bold by name. Bolder by strategy.
Introducing Liquid Bold USD
A new vault exploring higher-reward opportunities. A bolder choice alongside our more conservative vaults
ether․fi x launch partner @CapApp
Powered by @MidasRWA
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Woah, media and film financing onchain
Private credit will mechanically look different over the coming years, but in practice it’ll serve the same purpose. Meaningfully scale the global economy across industries 😮💨
Congrats to the Cap team on this facility
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It's great to see teams pushing lending use cases beyond crypto!
so this is pretty kewl
a new link to the real world finance.
There is a lot of money in films. they are the og "gangstas"
so cap here, makes sure that the loans are properly collateralized, and facilitates the "loan" of USDs to them
But the underwriter of the loan, is the one that assess the risk of the strategy. They are the specialist here, they adopt the risk.
the lenders don't need to worry cuz if these loans are not repaid the underwriter covers the loss.
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🎬 A Hollywood film just got financed on-chain, and no one had to tokenize it.
@benjamin918_, founder of @CapApp, breaks down how stablecoin depositors helped fund Wake, starring @colesprouse, while studios struggle to get traditional loans.
- How the deal was structured
- Why skipping tokenization mattered
- What it means for film financing
Is on-chain lending Hollywood's next funding model? 👇
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The only way DeFi wins is by connecting to real businesses. It’s time to stop feeding trading strategies, incentive schemes, and ponzi games.
In the six years since I joined DeFi, our industry hasn't meaningfully onboarded offchain businesses into onchain lending markets. DeFi lending has been dominated by the same BTC/ETH whales extracting incentives.
At @CapApp, we’re doing our part with this expansion into a new debt vertical. Teams like @USDai_Official and @re are building in this space too, each with their own approach. I hope to see more projects here.
This transaction isn’t a one-off. We have a pipeline of loans from non-crypto borrowers in media, robotics, and AI that will change what people think is possible onchain.
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Cap and all of its products have no exposure to Binance.
All Cap loans to institutional borrowers continue to be overcollateralized by an average of 300% with blue chip collaterals.
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@Benjamin918_ @CapApp Checking borrower collateral is a growing headache for private credit teams. Benjamin Sarquis Peillard covers it in the full episode, along with how credit can move onchain. Watch the full conversation on YouTube:
@AlecJBurns @JackODavies_
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$CAP is the governance token of @CapApp, a credit protocol where dollar deposits mint cUSD and fund loans to vetted institutions. Each loan is covered by an underwriter’s own collateral.
Investors include Franklin Templeton, and in September Cap became one of the first three issuers on PayPal’s PYUSDx.
Swap $CAP now:
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Introducing zero deposit fees
You can now deposit and withdraw from Cap with $USDC without fees
✅ Zero fees
✅ No whitelists
✅ 24/7 liquidity
Here's why this matters 🧵
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Cap does NOT use Railway for any production applications.
Our platform continues to operate normally with no exposure to today’s security disclosures.
Our team continues to monitor all industry developments and security disclosures to ensure the ongoing safety of our operations.
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Most lending decisions are made by intermediaries risking other people's money. What if underwriters had to back every loan with their own collateral? New episode with Benjamin Sarquis Peillard, Founder and CEO of Cap.
Full episode in the replies 👇
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