BlockTower co-leads $5 million strategic funding round for DeFi lender Maple Finance

Quick Take

  • Maple Finance raised $5 million in strategic funding co-led by BlockTower Capital and Tioga Capital. 
  • Maple will use the funds to expand across Latin America and the Asia-Pacific and to create new partnerships.

DeFi lending protocol Maple Finance said Tuesday that it raised $5 million in new strategic funding. 

BlockTower Capital and Tioga Capital led the fundraise, which saw additional participation from Cherry Ventures, The Spartan Group, GSR Ventures, Veris Ventures, Maven 11 Capital and Framework Ventures, the company wrote on social media.

Maple Finance will use the funds to bolster expansion in Latin America and the Asia-Pacific, as well as to create new partnerships with other protocols, financial services providers and credit experts. 

"The funding round initiates a multi-year, comprehensive growth roadmap designed to see Maple establish itself beyond DeFi and into the world of traditional finance as a leading lending marketplace and technology provider," Maple Finance said

On-chain capital infrastructure

The platform has over $2.2 billion worth of total loans issued and over $45 million in total assets deposited, according to the firm's website. 

"Our mission remains clear — to bridge the web3 and traditional finance industries with a robust, on-chain capital infrastructure that sets new standards and creates opportunities for the entire ecosystem," Maple Finance CEO and c0-founder Sidney Powell said.


© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

AUTHOR

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.

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To contact the editor of this story: Nathan Crooks at [email protected]

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