Giancarlo and Draper Dragon Back Spout’s Bid to Make Borrowing Against Stocks Interest-Free
Photo: Coinpedia
Former Commodity Futures Trading Commission Chairman Chris Giancarlo and venture firm Draper Dragon have publicly thrown their weight behind Spout , a Solana-based protocol that lets holders of tokenized US stocks borrow stablecoins without paying interest. Their endorsements follow Spout’s announcement of a $2 million strategic round on October 13. In a post on X , Giancarlo, an angel investor in the company and a strategic advisor, said he was backing Spout’s effort to build a tokenized credit market.
Source: Coinpedia
