Marc Ryan is Co-Founder and CEO of Spout Finance, a Solana lending protocol that lets people borrow USDC against tokenized US stocks without paying interest. Based in New York, Marc first got into crypto during the 2017 ICO boom and stayed through DeFi summer and the NFT cycle. Meanwhile he worked as a technology investment banker at HSBC, covering fintech, software and hardware, and that experience showed him how cheaply wealthy clients could borrow against their portfolios compared with everyone else.
- Spout Finance, a Solana-based lending protocol, allows users to borrow USDC against tokenized US stocks by selling covered calls on the collateral to pay lenders, offering an alternative to traditional margin loans.
- The platform aims to differentiate itself by focusing on the unique capabilities of on-chain stocks rather than just tokenizing existing ones, with a model that generates premium income for lenders and a low cost for borrowers.
- Spout Finance is navigating the evolving regulatory landscape and the competitive sector by partnering with institutional custodians and advisors, while choosing to be a permissionless layer for various tokenized stock issuers.
Topics: Asset types, Integration with defi, Infrastructure providers, Equity, Rwa collateral lending, Tokenization platforms
Tags: #spoutfinance #tokenizedstocks #solana #usdc #lendingprotocol #coveredcalls #institutionalcustody #secregulation #hsbc #onchainstocks
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