Spout Raises $2M to Build 0% Stock-Backed Loans Using Solana and Covered Calls

FUNDING ROUNDSpout Raises $2M to Build 0%Stock-Backed Loans UsingSolana and Covered Calls45IMPORTANCEQUIET2NEWS MEDIA2PIECESOct 16, 2026 03:15blockboard.net

Spout announced a $2 million funding round this Thursday, with backing from firms including Draper Dragon, Anchorage Digital, Flow Traders, and Solana Labs. The company said it plans to build Solana-based lending that lets users borrow USDC against tokenized U.S. stocks at 0% interest, using covered calls and stock-backed loans.

What this rests on

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Spout announced a $2 million funding round on Thursday and said the round included backing from Draper Dragon, Anchorage Digital, Flow Traders, and Solana Labs.
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Spout’s co-founder and CEO, Marc Ryan, said the project is meant to offer 0% interest loans backed by tokenized stocks on Solana.
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Spout said it is building Solana-based lending that allows users to borrow USDC against tokenized U.S. stocks at 0% interest.
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Spout said the lending product is tied to tokenized U.S. stocks and is being developed on Solana.

What it means

Who it affects, what changes and what is still unconfirmed

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Users and investors who follow Solana will notice that Spout is positioning a lending product around tokenized U.S. stocks and USDC, with a funding round already closed. The announcement also places firms such as Draper Dragon, Anchorage Digital, Flow Traders, and Solana Labs in the backing group, which makes the project more visible to the sector today.

In practice, the product is described as borrowing USDC against tokenized U.S. stocks at 0% interest, which is different from a standard margin loan. The setup still stays within Solana-based lending and stock-backed borrowing, so the basic structure remains a lending product rather than something outside that framework.

Market reaction

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Oct 16 03:10
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Has this happened before?

WhenWhat happenedFigure
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