Maple Finance Partners With IRACE Digital Bank for Institutional Banking Services
IRACE Digital Bank has announced a new banking relationship with Maple Finance, one of the world's largest onchain asset managers. This partnership aims to support Maple’s traditional financial-market activities such as institutional cash management and fiat settlement by leveraging IRACE’s regulated infrastructure across multiple jurisdictions. John Cronin, Global CEO at IRACE, emphasized that this collaboration represents a convergence between digital assets and traditional finance, with Maple serving as an example of how capital is increasingly moving between the two. Sid Powell, CEO and co-founder of Maple, noted that institutional-grade fiat infrastructure must match onchain capabilities to support growth in fixed-income and credit markets. The partnership marks a significant step for IRACE’s strategy to become a regulated banking layer connecting traditional and digital financial systems. The bank is also expanding its digital asset licenses across jurisdictions, including the U.S., where it has received approval from the OCC for custody services.
Topics: credit markets digital assets fixed-income markets institutional finance