Maple

On-chain AUM$1.915b

Platform totals

Live assets3

Chains10

DeFi TVL$1.175b

DeFi TVL / AUM61.37%

Confirmed attestations0 / 3

Primary accessPermissionless (3)

Totals for filtered assets

$1.813b

$1.915b

$1.175b

Assets Rankings

Name	Asset Group
Syrup USDCsyrupUSDC	Private Credit	$1.18	$1.188b	$1.188b	$546.8m	46.03%	Maple	Private Credit	Credit Pool	Permissionless	Asset	RWA	Maple Protocol Pool Operations	Yes	No	Yes	Yes
Syrup USDTsyrupUSDT	Private Credit	$1.14	$480.3m	$480.3m	$383.24m	79.79%	Maple	Private Credit	Credit Pool	Permissionless	Asset	RWA	Maple Protocol Pool Operations	Yes	No	Yes	Yes
Syrup USDGsyrupUSDG	Private Credit	$1.01	$144.96m	$246.26m	$244.92m	168.96%	Maple	Private Credit	Credit Pool	Permissionless	Asset	RWA	Maple Protocol Pool Operations	Yes	No	Yes	Yes

About Maple

Maple Finance is a credit protocol connecting institutional borrowers with on-chain lenders, enabling RWA-backed loans secured by real-world collateral. It structures private credit access through DeFi infrastructure.

Governance TokenGovernance TokensPrivate CreditPermissionless

Website Docs

Profile

Founded: 2019
Primary chain: Ethereum
Parent platform: Maple
Issuer: MAPLE LABS PTY LTD

Economics & revenue

Performance fee0%

Mint fee33 bps

Revenue confidenceIssuer-Disclosed

Fees last verified2026-07-09

Attestations & milestones

Attestation frequency: Monthly
Last attestation: Monthly (cash management product)

2026-07AUM reached 4.45 billion dollars with 22.97 billion cumulative loans originated
2024-11SYRUP token launched replacing MPL at 1 to 100
2024-06Syrup platform launched opening institutional secured lending yield to DeFi users
2023-04Cash Management Pool launched
2019founded by Powell and Flanagan

Revenue methodology & documents

Revenue model: Interest Spread

No published lender fee schedule. Maple monetizes management, service, and origination fees deducted from gross borrower interest, a net interest margin of 0.85 percent over the last 12 months per its transparency page, with 22.02 million dollars LTM protocol revenue funding the treasury and SYRUP staking.

Issuer registry, regulation & leadership

Founders and leadership

Sid Powell — Co-Founder, CEO Joe Flanagan — Co-Founder, Executive Chairman

Issuer registry

Maple Finance (Maple Finance Inc., Cayman Islands; operating entity in Australia). Institutional lending protocol launched 2019 by Sid Powell & Joe Flanagan. Pivoted from crypto-backed undercollateralized lending to RWA-focused after 2022 events. SYRUP governance token. Issues Cash Management Token (Maple) backed by US Treasuries via BlockTower & Cantor Fitzgerald custody.

Regulatory status

Maple is not a licensed asset manager and describes itself as a technology services provider. The interface is operated by Maple Labs Pty Ltd, an Australian entity. The syrup products are issued by Maple International Operations SPC, a Cayman Islands segregated portfolio company, with a MiCA whitepaper for EU distribution and US persons excluded from syrup products.

Entity structure

Maple Labs Pty Ltd develops the protocol and operates the interface. The syrupUSDC, syrupUSDT and syrupUSDG products are issued through Maple International Operations SPC with bankruptcy remote segregated portfolios. Governance and treasury run through the onchain MapleTreasury contract and the SYRUP token.

Issuer source