New Silver, a leading technology company that provides fast financing to real estate investors, is announcing a partnership with Centrifuge Real World Assets (RWA) Market with liquidity coming from Aave. Centrifuge’s RWAMarket bridges New Silver and other real-world assets securitized in Centrifuge’s decentralized application Tinlake, to Aave, a decentralized lending protocol. This partnership bolsters the liquidity available to New Silver, and will allow New Silver to continue to provide fast, cost-efficient capital to real estate investors across the USA.
Aave is a leading DeFi permissionless protocol, which recently expanded into the permissioned marketplace open to accredited investors and financial institutions with the launch of Aave Arc. This launch is a big step toward a wider adoption in traditional finance, as Aave investors were previously only able to lend against crypto native assets, but they can now earn yield against stable, uncorrelated real-world collateral.
“This is an exciting time for DeFi, as it is gaining wider adoption and real-world use cases,” said Kirill Bensonoff, CEO of New Silver. “We are thrilled to have Centrifuge RWAMarket and Aave as a partner in this journey.”
Liquidity providers and investors interested in New Silver’s collateral will be able to diversify their portfolios with stable assets that are not correlated to cryptocurrency. Now, in addition to Tinlake, liquidity providers are able to utilize RWAMarket, which facilitates KYC and investor onboarding and connects to liquidity on the Aave protocol. Investors can now onboard to RWAMarket, invest their USDC stablecoin and earn interest and rewards. Their investment is collateralized by senior-secured real-world assets from New Silver and other lenders, and held in loan pools in Tinlake.
With Centrifuge and RWAMarket alongside Aave, New Silver can expand their pool of liquidity and continue to originate high-quality, short-duration loans, and help real estate investors across the United States to secure their financing faster and at lower cost.