Tokenized Private-Credit Platform Untangled Opens Its First USDC Lending Pool on Celo

The private credit pool capped at $6 million USDC at the start was structured under Luxembourg securitization regulation and is open for accredited investors.

The new pool, in partnership with fintech lender Karmen, is part of a potential 100 million-euro senior facility agreement with Karmen that hasn't been finalized yet, the platform said.

Institutional asset manager Fasanara Capital and The Credit Collective, a Celo community-led ecosystem development organization, were early investors in the facility. The new pool is part of a potential broader senior facility agreement worth 100 million euros with Karmen, which has not yet been finalized, Untangled said., which brings conventional assets like bonds, credit and funds to the blockchain for increased efficiency and transparency, faster settlements and broader access.

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