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Aave Arc Pool launches with 30 institutions on board



 Aave, one of the leading lending platforms in the crypto space, will launch an approved liquidity pool to attract institutional investors.


The Aave pool for institutions

One of the biggest downsides of DeFi right now is that it doesn’t require KYC/AML and is unregulated. The problem with this is that big institutions don't want to get involved in something that could get them into regulatory trouble just because there aren't laws to do it yet.


Aave's new approved arc pool aims to solve this problem by creating an institution-specific pool that, through the introduction of regulation, can onboard institutions that want to legally try this new technology. According to Stanl Kulechov, Founder and CEO of AAVE:


DeFi represents a powerful wave of financial innovation, including transparency, liquidity, and programmability — and it has been inaccessible to traditional financial institutions for far too long. The launch of Aave Arc allows these institutions to participate in DeFi in a compliant manner for the first time.


With the introduction of globally recognized due diligence procedures such as KYC/CDD/EDD, users must comply with certain rules. However, this allows institutions to delve into the world of DeFi for the first time.


Institutions that have chosen the ARC

One of the first institutions to be whitelisted is Fireblocks, an institutional custodian of digital assets that will also act as a whitelisting agent. Fireblocks will use its security expertise to "verify the identity and beneficial ownership of legal customers and to monitor the Aave Arc Pool and its participants on an ongoing basis."


As a whitelisting agent, they have already approved “30 licensed financial institutions to participate in Aave Arc as lenders, borrowers and liquidators”. Some of the 30 institutions whitelisted include Anubi Capital, Bluefire Capital (which was acquired by Galaxy Digital), Canvas Digital, Celsius, CoinShares, GSR, Hidden Road, Ribbit Capital, and Wintermute.


At the time of writing, about $217.46 billion is locked up in DeFi, according to Stelareum. As these issues are resolved, more institutional funds are likely to flow into DeFi, and according to Blockdata, institutional access to DeFi “could unlock a trillion-dollar opportunity over the next half decade.”

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