Three Jane purchases $18 million of Settle loans... limit up to $100 million
Original headline쓰리제인, 세틀 대출 1800만달러 매입…한도 최대 1억달러
Not investment advice. Muhabbit scores how much a story may matter, not which way to trade.
3Jane has purchased $18 million of existing Settle loans under a forward-flow agreement in which Settle originates credit and 3Jane buys eligible loans, with an initial $50 million commitment that can scale to $100 million. The purchase was funded through Settle's $240 million warehouse credit facility, according to Foresight News. Settle provides working capital to U.S. consumer packaged goods brands, while 3Jane is an unsecured credit lending protocol whose USD3 token supplied roughly $30 million to Settle's existing loans. The deal matters as a template for tokenized credit protocols absorbing off-chain-originated loan exposure at scale. Watch for 3Jane to keep purchasing eligible new originations and for the facility to approach its $100 million cap.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
3Jane, Settle, USD3, Foresight News