Cicada provides institutional credit risk management on blockchain technology.

Cicada Partners

Cicada

The team provides industry-leading third-party underwriting and pool management on DeFi Protocols, risk structuring, and institutional risk advisory services.  

In its most recent publication, Private Debt Investor has highlighted a noteworthy trend. Some asset allocators are referring to the rise in LP demand for allocations to the lower middle market and non-sponsor transactions as "beta expansion." This trend reflects a diversification strategy with a particular focus on asset-based lending.

Currently, banks are estimated to have $1.5 trillion in asset-based lending (#ABL) exposure on their balance sheets, presenting significant opportunities for emerging players in this space.

Recognize the exceptional value and risk-adjusted return of ABL, Cicada Partners and Atlendis Labs are actively developing this vertical with focus on short-term self-liquidating underlying assets. Watch this space for announcement of upcoming opportunities in our pipeline!

In our latest podcast, we sat down with Sefton M. Kincaid, CFA of Cicada Partners.
 
We discussed the past, present and future of onchain credit, as well as Cicada’s recent partnership with TrueFi.

YouTube: https://lnkd.in/e-zh-8RJ

Podcast players: https://lnkd.in/eHiC4QHC

Join Ryan Rodenbaugh for Q1’s real-world asset (RWA) market recap. In this video, we explore:  

• Sector Growth: The total size of the onchain US treasury market surpassed $1B, up 41% from last quarter. Key growth drivers include tokenized asset funds from BlackRock and Superstate. 

• New Launches: We explore some upcoming products like Ondo Finance's ‘Ondo GM’ which gives onchain assets access to TradFi liquidity. We also (try to) break down M^0 Labs, which is redesigning the monetary stack for generating programmable digital cash.   

• Developing Trends: We are seeing the continuing trend of pure DeFi protocols capitalizing on RWA (mostly T-Bill) yields, as evidenced in recent vaults and proposals from Morpho Labs. This meets the consumer demand for RWA transferability and composability.   

• Coming Soon: As core contributors to TrueFi, we are excited to highlight Cicada Partners's proposal to restart crypto-native lending on the platform as a Credit Risk Manager. Furthermore, we at Wallfacer Labs have proposed the launch of Trinity, a protocol for borrowing against yield-bearing collateral on TrueFi.   

See the full analysis in our latest video. To stay informed on RWAs and DeFi, check out our bio to find our videos, podcasts, and long-form content. Keep an eye out for our Q2 recap!

Watch here: https://lnkd.in/eYN4-rFY

The Cicada team is excited to be on the road next week to meet our friends and partners. 

Sefton M. Kincaid, CFA and J. Christian L. will be in Austin attending #permisionless 11t-13th Sep; while Christine Cai,  FRM will be travelling to #token2049 12th- 16th Sep. 

Please reach out if you want to learn more about #rwa and #lending on chain or just catch up!

ETHCC RWA Breakfast Invitation https://wix.to/53j5PGj

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