Enabling anyone to borrow against their equities anywhere at 0% APR. Backed by @solanalabs, @anchorage | Get access: https://teapaw.org/t.co/KKM4OUUP1R
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Joined May 2025
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Spout Finance Beta is officially live on @solana Testnet.
You can now buy tokenized US equities, borrow against them at 0% APR without selling, and put your stablecoins to work and earn yield.
The market had a busy week.
The push towards tokenized markets continued, with major financial institutions making new moves while the tokenized stock market crossed $3.90B in distributed value. DeFi lending also saw fresh developments, even as market volatility and economic uncertainty shaped the week’s sentiment.
There’s a lot behind these numbers, and we’ve covered the stories worth following.
Read this week’s roundup: spout.finance/learn/weekly-r…
laptop: closed
breakpoint tickets: secured
flights:booked
vibes: high
liquidity: unlocked
we are: so back
Spout Finance retweeted
In order for tokenized stocks to gain more utility, onchain markets need to tap into traditional brokerage rails.
That’s why @Ondo and @SpoutFi's partnership is significant: Spout will let eligible investors outside the US borrow USDC against Ondo Stocks on Solana, with no interest charged.
Supported by Alpaca’s Instant Tokenization Network (ITN), Spout will convert Ondo Stocks into underlying shares and execute covered-call strategies in traditional options markets.
We’re excited to be building infrastructure that connects onchain and traditional markets so partners can build more efficient financial services.
Learn more below.
A new unlock for Ondo Stocks is coming.
Spout Finance will support Ondo Stocks as collateral on Solana, enabling:
→ USDC loans, no interest charged by Spout
→ Loans up to 50% of collateral value
→ Token-to-share conversion via Alpaca’s Instant Tokenization Network
What once required access to prime brokers and private banks is now possible onchain.
Tokenization isn't just changing how assets are held. It's unlocking a new generation of financial applications across the onchain economy.
Excited to announce that @Ondo has invested in Spout.
Ondo Stocks will be live as collateral on Spout from day one. Borrow USDC against them on @Solana with no interest charged by Spout. Covered call premium on the underlying shares pays lenders instead.
Borrowing against stocks has always meant paying a rate. Here, it doesn't.
A new unlock for Ondo Stocks is coming.
Spout Finance will support Ondo Stocks as collateral on Solana, enabling:
→ USDC loans, no interest charged by Spout
→ Loans up to 50% of collateral value
→ Token-to-share conversion via Alpaca’s Instant Tokenization Network
What once required access to prime brokers and private banks is now possible onchain.
Tokenization isn't just changing how assets are held. It's unlocking a new generation of financial applications across the onchain economy.
Spout Finance retweeted
hey billionaires, we want to hear from you.
we’re opening up one-on-one calls with members of the @SpoutFi community who want to share their thoughts, ask questions, or simply have a conversation with the team.
whether you’ve been testing Spout, have concerns about the product, want to share feedback, or are curious about the bigger vision we’re building towards, we’d love to hear from you.
it’s an opportunity to speak directly with the founding & marketing team, tell us what you think, what you’d like to see improved, and what you hope Spout becomes.
and if you’ve never tried the Spout testnet, that’s perfectly fine too. slide into my DMs, and i’ll get you a private access code.
no formalities, just honest conversations.
if you’re interested, my DMs are open
This is an announcement of an announcement
The announcement of the announcement is extremely bullish
Stay tuned and thanks in advance for your support.
Where does the yield come from when borrowers pay 0% interest?
That’s an interesting question about Spout’s lending model.
Through covered call premiums and Treasury bill yield, Spout creates an alternative way to fund lender returns without relying on borrower interest or token emissions.
Here’s the breakdown ↓
Breakpoint Day 1, then drinks with the Solana community🍻
We’re joining @DraperDragon and @catchem_app, @AdevarLabs, @MentionedMarket, @NOMADZxyz and @SuperteamNL to host an evening of drinks, conversations and a few games in London.
If you’re around for Breakpoint, come spend the evening with us.
Space is limited. RSVP below ↓
Spout Finance retweeted
Spout co-founder Marc Ryan on why they started with tokenized public stocks, and the chicken-and-egg problem holding back private ones:
“We’re definitely considering other instruments. I think in the long run we can introduce other instruments. I think public equities is just the easiest thing, because it’s such a mature market.”
“The way these token wrappers structurally work, onchain liquidity becomes less of a problem, because you can just source offchain liquidity. So it’s not like you need these AMM pools.”
“Private shares of a private company, it gets a little trickier because it’s a much less liquid market. You could essentially use an SPV to buy a bunch of the shares, which means you need upfront money to do this, then you actually tokenize those shares.”
“Can you sell options on them? I mean, you technically could. I’m sure there’s market makers that would be willing to do bilateral over-the-counter options contracts with you for certain names, like maybe an OpenAI. But they’re not mature enough yet, and so it’s just harder to price these options.”
“It’s kind of like a chicken or the egg, cold start problem. As more and more assets come onchain and it becomes more of a norm, it’ll be easier to build up both sides, both the supply and then the demand.”
FT @0xmryan @SpoutFi
Ownership Podcast S2 E4: Marc (@spoutfi)
"We're democratising prime brokerage."
00:00 Intro
00:59 @0xmryan's background: ICOs, Black-Scholes research and investment banking
02:13 Why tokenisation needs something you can't do offchain
03:19 What Spout is: democratising prime brokerage
04:26 Covered calls explained
06:56 Tail risk: picking up pennies in front of a steamroller
07:56 Splitting risk between lenders and borrowers
08:31 Token wrappers vs native issuance
11:33 Why Spout scrapped issuance
12:28 Why MetaDAO is a better bet for token holders
15:57 The $2M raise and why MetaDAO came too late
18:18 Why equities before bonds and private shares
21:51 Moving covered calls onchain
23:44 Competing with Coinbase and Backpack
26:01 The biggest regulatory need: clarity
29:22 What rights tokenised stock holders actually get
31:45 Why all public equities get tokenised in five to 10 years
34:42 Bringing private equity onchain
37:36 What's holding back adoption
40:36 Why Solana
43:34 Private beta and the road to mainnet
45:27 Closing thoughts: not all issuers are created equal
This show is sponsored by @MetaDAOProject.
Spout Finance retweeted
Spout co-founder Marc Ryan on why 95% of tokenized stocks are just token wrappers, and why they scrapped their own to become the DeFi layer on top:
"I'd say 95% of the issuers right now are token wrappers. What that means is that they're essentially creating this digital receipt, or onchain representation of an asset that exists offchain."
"If you buy a tokenized stock through Coinbase, or through Ondo, through xStocks, it's all being purchased through Alpaca, which is an offchain brokerage, and it's being custodied there."
"The other model is what Securitize and Superstate are doing, which is natively issuing the stocks onchain. You actually have self custody of these assets. The tricky part is you actually need to get issuers to agree to issue onchain."
"We created a token wrapper. But then we're like, wait a second, we don't want to compete on issuance. I think it will become more and more commoditized. It's not where you're gonna make your money."
"And so we decided to just completely scrap it. We're just the permissionless DeFi layer on top."
FT @0xmryan @SpoutFi
Ownership Podcast S2 E4: Marc (@spoutfi)
"We're democratising prime brokerage."
00:00 Intro
00:59 @0xmryan's background: ICOs, Black-Scholes research and investment banking
02:13 Why tokenisation needs something you can't do offchain
03:19 What Spout is: democratising prime brokerage
04:26 Covered calls explained
06:56 Tail risk: picking up pennies in front of a steamroller
07:56 Splitting risk between lenders and borrowers
08:31 Token wrappers vs native issuance
11:33 Why Spout scrapped issuance
12:28 Why MetaDAO is a better bet for token holders
15:57 The $2M raise and why MetaDAO came too late
18:18 Why equities before bonds and private shares
21:51 Moving covered calls onchain
23:44 Competing with Coinbase and Backpack
26:01 The biggest regulatory need: clarity
29:22 What rights tokenised stock holders actually get
31:45 Why all public equities get tokenised in five to 10 years
34:42 Bringing private equity onchain
37:36 What's holding back adoption
40:36 Why Solana
43:34 Private beta and the road to mainnet
45:27 Closing thoughts: not all issuers are created equal
This show is sponsored by @MetaDAOProject.
Spout Finance retweeted
Going to Breakpoint?
Mentioned is co-hosting the Breakpoint Day 1 happy hour 🍻
w/ @DraperDragon @catchem_app @SpoutFi @AdevarLabs @NOMADZxyz @SuperteamNL
Sun 15 Nov, 6–10pm
Limited spots: luma.com/3n5hl4c7
We're taking a part of traditional finance that's been built for institutions and bringing it onchain.
Our co-founder @0xmryan explains the thinking behind Spout in the latest Ownership Podcast, including why we chose equities, how our covered call model works, and what's ahead for the protocol.
Watch the full conversation below ↓
Ownership Podcast S2 E4: Marc (@spoutfi)
"We're democratising prime brokerage."
00:00 Intro
00:59 @0xmryan's background: ICOs, Black-Scholes research and investment banking
02:13 Why tokenisation needs something you can't do offchain
03:19 What Spout is: democratising prime brokerage
04:26 Covered calls explained
06:56 Tail risk: picking up pennies in front of a steamroller
07:56 Splitting risk between lenders and borrowers
08:31 Token wrappers vs native issuance
11:33 Why Spout scrapped issuance
12:28 Why MetaDAO is a better bet for token holders
15:57 The $2M raise and why MetaDAO came too late
18:18 Why equities before bonds and private shares
21:51 Moving covered calls onchain
23:44 Competing with Coinbase and Backpack
26:01 The biggest regulatory need: clarity
29:22 What rights tokenised stock holders actually get
31:45 Why all public equities get tokenised in five to 10 years
34:42 Bringing private equity onchain
37:36 What's holding back adoption
40:36 Why Solana
43:34 Private beta and the road to mainnet
45:27 Closing thoughts: not all issuers are created equal
This show is sponsored by @MetaDAOProject.