# Spout Raises $2 Million for 0% Interest Solana Loans, Excludes U.S. Persons

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/33405
Published: 2026-10-16T18:15:50.000Z
Updated: 2026-10-16T18:15:50.000Z
Section: Business

> The planned product would pay lenders from covered-call premiums. Spout’s current terms restrict interface access to non-U.S. persons.

Spout Finance raised $2 million to build a Solana product offering interest-free USD Coin (USDC) loans against tokenized U.S. equities at a 50% loan-to-value ratio, while its current terms bar U.S. persons from the interface.

Spout’s $2 million strategic round included Draper Dragon, Anchorage Digital, Flow Traders, Taisu Ventures, Vessel Capital, Solayer, 2Square Capital, Bering Waters Ventures and Blockstreet Capital, with strategic backing from Solana Labs. The company plans to expand its team and build a credit layer for issuers, exchanges and wallets.

The proposed loans would not accrue borrower interest. Spout’s current terms say covered-call premiums would fund lender payouts, with options cycles running weekly or biweekly depending on the asset. Spout would take 20% of gross premiums as a performance fee, leaving 80% for lenders. The terms describe those payouts as targets, not guarantees.

The no-interest structure still carries costs and risks for borrowers. Spout’s terms list a 1% fee on borrowing and lending withdrawals, plus variable liquidation fees. If a covered call is assigned, borrowers may give up gains above the option’s strike price.

Spout’s current terms require interface users to be non-U.S. persons and describe its tokenized equities as offshore offerings under Regulation S. Securitize’s Oct. 8 launch of 12 tokenized U.S. equity entitlements was open to eligible investors in the United States, the European Union and other permitted jurisdictions.

The terms name Alpaca Securities LLC for equity execution and custody, pairing on-chain token representations with brokerage-held shares. Spout co-founder and CEO Marc Ryan said, “Borrowing against your own portfolio has always been a product for people who already had a private banker. I do not think it should be.”

At the time of the funding announcement, Spout’s beta was running on Solana Devnet, with private beta access planned.