Why this matters now

There is now over $25 billion in idle on-chain capital held by DAOs, foundations, and crypto-native institutions—much of it sitting in stablecoins earning near-zero return. At the same time, real-world yields on traditional fixed income products have climbed above 5%, creating a growing disconnect between on-chain capital and off-chain opportunity. Institutions holding crypto on their balance sheets, like Bitcoin, currently have no streamlined way to access these yields without off-ramping into a fragmented and compliance-heavy financial system.

Spout exists to close that gap. By making regulated, high-grade assets available on-chain—without sacrificing privacy or composability—we enable crypto-native capital to access institutional-grade yield directly from the networks it already lives on. And as the crypto industry grows, the amount of capital held on-chain will only increase—making the need for trusted, yield-bearing assets on-chain more urgent and more valuable.