Development of Clearpool Prime now complete

SINGAPORE, 3 April 2023 – Clearpool is pleased to announce that the development of Clearpool Prime, the protocol’s institutional-grade credit marketplace deployed exclusively on the Polygon blockchain, has been completed following many months of building and testing. The testnet version will now be available for users to experience the protocol’s functionality first-hand.

Designed to meet the growing demand for wholesale lending and borrowing in decentralized finance, Prime will enable institutions to transact through non-custodial smart contracts in a fully compliant, KYC’d environment. Whitelisted borrowers can launch pools with tailored terms and invite similarly whitelisted lenders to participate, increasing capital efficiency, transparency, and security.

Clearpool Prime addresses many of the problems that led to systemic risk in the CeFi lending market in 2022 and will serve as a primary gateway for institutional lending in DeFi. Hacken, one of the leading and most respected blockchain security auditors globally, is currently conducting the smart-contract audit of the Clearpool Prime protocol.

Onboarding underway

We are also pleased to announce that Securitize iD has been selected as the official KYB provider for Clearpool Prime. Securitize is a leading platform for expanding access to real-world asset classes, such as private equity, consistent with U.S. regulations.

Central to the platform is Securitize iD, which offers a fast, compliant, and reliable identity verification process. From streamlining and automating the KYC/KYB processes to administering advanced screenings for sanctions, PEP, and adverse media lists, Securitize iD enables more institutions and investors to participate in the evolving blockchain opportunity.

Testnet version available

Clearpool Prime is designed specifically for institutional use, and access will therefore be limited to KYC-approved members only. However, due to the significant amount of interest in the protocol, a testnet version will be available to anyone desiring to learn more.

To gain access, interested parties must complete a brief form to be whitelisted. Once whitelisted, they will receive a link to the testnet version.

The testnet version will support potential institutional and individual users while also providing valuable feedback to help improve the protocol’s features.

Coverage Secured Publications:  

• Institutional Digital Assets (https://idassets.net/clearpool-prime-development-now-complete/)