Maple Finance, an on-chain marketplace focused on institutions, has opened its Cash Management USDC pool to U.S. investors.

In an announcement on Wednesday, Maple Finance said that it had secured a Regulation D exemption from the U.S. Securities and Exchange Commission (SEC) for its cash management solution, and as such, accredited investors can now access on-chain yield backed by U.S. Treasuries.

Regulation D is a provision that allows some companies an exemption from registering securities with the SEC, provided they raise capital from investors with a net worth exceeding $1 million, or having an annual income in excess of $200,000. The same applies to companies offering investment products to U.S. financial institutions, such as banks and hedge funds.

Maple’s USDC pool, which was previously off-limits for U.S.-based investors, has seen over $27 million worth of deposits and returned an average of 4.68%. Interest is accrued from the time that a deposit is made, and investors are free to withdraw their funds the following day without being subject to any lock up periods.

Sidney Powell, CEO of Maple Finance, first disclosed plans for a pool that would invest in U.S. Treasuries during a call with the community in April. The platform’s native token MPL rallied more than 20% at the time, on the back of positive investor sentiment, following millions of dollars worth of credit defaults on certain pools in the aftermath of FTX’s implosion.