Tokenized US Stock Platform Spout Completes $2M Strategic Funding Round

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Tokenized U.S. stock lending platform Spout has closed a $2 million project funding round, according to crypto news outlet Chaincatcher. The round is backed by Draper Dragon, Anchorage, Flow Traders, and Solana Labs. Spout’s model enables users to collateralize tokenized U.S. stocks to borrow USDC at a 50% loan-to-value ratio with zero interest. Lenders earn income from weekly covered call options sold against the collateral. Other investors include Taisu Ventures, Vessel VC, and former CFTC chair Chris Giancarlo.

ChainCatcher report: Tokenized U.S. stock collateralized lending platform Spout has announced the completion of a $2 million strategic funding round, with investors including Draper Dragon, Anchorage, Flow Traders, Taisu Ventures, Vessel VC, Solayer Labs, 2Square Capital, Bering Waters, Solana Labs, Solana co-founder Toly, and former CFTC chairman Chris Giancarlo. According to Spout’s disclosed product mechanism, users can collateralize tokenized U.S. stocks to borrow USDC at a fixed loan-to-value ratio of 50%, with no interest charged to borrowers during the loan period. Lenders earn returns from weekly premiums generated by selling covered call options on the collateral, rather than from interest payments made by borrowers.

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