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CentrifugeVSMaple Finance

Centrifuge vs Maple Finance: Private Credit Comparison

Compare Centrifuge and Maple Finance for tokenized private credit. Analysis of trade finance vs institutional lending, risk profiles, and yields.

Quick Verdict

Choose Centrifuge for diversified RWA credit; Choose Maple for higher-yield institutional lending

Feature Comparison

FeatureCentrifugeMaple Finance
Credit FocusTrade Finance/REInstitutional
Typical Yield8-12%10-15%✓
Risk ProfileModerate✓Higher
TranchingYes✓No
ChainsCentrifuge, ETHETH, Solana, Base✓

When to Choose Each

Conservative allocation

Centrifuge

Tranched risk structure

Yield maximization

Maple Finance

Higher yields available

Trade finance exposure

Centrifuge

Core focus area

## Quick Verdict

  • **Choose Centrifuge** for diversified real-world credit including trade finance and real estate
  • **Choose Maple** for institutional crypto-native lending with higher yields

    • Overview

    Both Centrifuge and Maple are leaders in tokenized private credit, but serve different market segments with distinct risk/return profiles.

    Centrifuge

    Focuses on bringing traditional credit assets on-chain, including trade finance, real estate loans, and revenue-based financing.

    Maple Finance

    Originally focused on crypto-native institutional lending, now expanding to RWA with a focus on higher-yield opportunities.

    Key Differences

    Credit Focus

    **Centrifuge**: Trade finance, real estate, revenue-based financing

    **Maple**: Institutional lending, corporate credit, crypto-native

    Risk/Return Profile

    **Centrifuge**: 8-12% yields, moderate risk, diversified

    **Maple**: 10-15% yields, higher risk, concentrated

    Default History

    Both have experienced defaults:

  • **Centrifuge**: Lower default rate historically
  • **Maple**: Significant losses in 2022 (FTX/Alameda exposure)

    • Pool Structure

    **Centrifuge**: Senior/junior tranches for risk tiering

    **Maple**: Pool delegate model for underwriting

    When to Choose Each

    Choose Centrifuge When:

  • Want diversified RWA exposure
  • Prefer tranched risk
  • Trade finance focus
  • Lower risk tolerance

    • Choose Maple When:

  • Seeking higher yields
  • Comfortable with institutional credit risk
  • Want Pool Delegate expertise
  • Multi-chain presence important

    • How Fensory Connect Supports Both

    Access both credit platforms through unified API for diversified private credit exposure.

    Why not use both?

    Fensory Connect provides unified API access to both Centrifuge and Maple Finance, plus 50+ other issuers.

    SCHEDULE A CALL