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