Solana ecosystem RWA lending protocol Spout Finance completes $2 million strategic funding round with participation from Draper Dragon and others.

BlockBeats news, October 16: Solana-based DeFi lending protocol Spout Finance has completed a $2 million strategic funding round, with participation from Draper Dragon, Anchorage, Flow Traders, Vessel Capital, Solayer, 2Square, and Bering Waters Group, and received strategic support from Solana Labs.

Spout Finance allows users to use their tokenized US stocks as collateral to borrow stablecoins (such as USDC) without paying interest.