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Cap
Cap is a three-sided platform for USD yield, private credit, and financial guarantees. Depositors earn USD yield by depositing approved assets and receive cUSD in return, while underwriters and borrowers participate in covered credit loans and financial guarantees. Cap serves depositors seeking USD yield, underwriters providing capital and premiums, and borrowers seeking covered credit, along with institutional partners in restaking and DeFi.
New York, USA
Description
Cap operates a three-sided platform connecting USD depositors, underwriters, and borrowers through covered credit loans and financial guarantees. Depositors earn USD yield by depositing approved assets and receive cUSD as a receipt for their deposits. Underwriters (such as Renzo, Concrete, and StakeStone) provide capital and earn underwriter premiums, while also participating as borrowers in some cases. Cap has formed institutional partnerships, including a restaking partnership with EtherFi, Symbiotic, M11 Credit, and FalconX bringing non-inflationary yield from dollar-denominated institutional lending to ETH holders, and a partnership with Bedrock, one of its most active delegators and operators, extending programmable credit infrastructure to Bitcoin capital. The company is headquartered in New York City.Grant Funding
VC Funding
None
2024
2025
2026
$0
$14M