Spout Secures $2M to Revolutionize Stock-Backed Lending on Solana
Spout raises funds to develop a platform offering 0% interest loans backed by stocks and covered calls.
Spout raises funds to develop a platform offering 0% interest loans backed by stocks and covered calls. Solana (SOL) is trading at ₹10,096 ($106.16), up 1.0% since this brief published. This is an original Token Times brief based on reporting by Crypto Economy, with live market data added, as of Fri, 16 Oct 2026 05:15:01 UTC.
This development aims to disrupt traditional margin lending by providing interest-free loans, potentially lowering costs for investors and increasing capital efficiency. The use of Solana and covered calls introduces a novel DeFi-meets-traditional-finance model.
- Spout raises $2M from Draper Dragon, Anchorage Digital, and Solana Labs.
- Platform to offer 0% interest loans backed by stocks and covered calls.
- Solana chosen for its fast transaction speeds and low fees.
- Market cap of Solana rises to $61.93B amid broader market gains.
Spout, a new DeFi project, has raised $2 million in a funding round backed by prominent investors including Draper Dragon, Anchorage Digital, Flow Traders, and 
Solana Labs. The project aims to leverage blockchain technology to transform traditional margin lending by offering 0% interest loans.
According to Marc Ryan, co-founder and CEO of Spout, the platform will use a combination of stock collateral and covered calls to secure the loans. This approach is designed to eliminate the high interest rates typically associated with margin lending, making it more accessible to a broader range of investors.
The choice of Solana as the underlying blockchain is strategic, as the network is known for its high transaction speeds and low fees. This aligns with Spout's goal of providing efficient and cost-effective financial services.
The total crypto market cap currently stands at $2.82 trillion, with 
Bitcoin up 1.30% in the last 24 hours. Solana, the platform of choice for Spout, is also performing well, with its price at $105.09, representing a 2.21% increase over the same period.
The development of Spout's platform could have significant implications for both the DeFi and traditional finance sectors. By offering a more cost-effective alternative to traditional margin loans, Spout could attract a new wave of users looking to leverage their stock holdings without incurring high interest costs.
Since this brief published about 2 hours ago, Solana (SOL) has moved from ₹9,994.07$105.09 to ₹10,095.83$106.16 — +1.02%.
The chart plots SOL's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 SOL ≈ ₹11,172.81 (about $106.16), up 3.1% over 24 hours. The rupee itself trades about 10.7% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 16, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Spout Secures $2M to Revolutionize Stock-Backed Lending on S — questions & answers
What is Spout's business model?
Spout offers 0% interest loans backed by stocks and covered calls, aiming to disrupt traditional margin lending.
Why did Spout choose Solana?
Solana was chosen for its fast transaction speeds and low fees, which are crucial for efficient financial services.
Who are the key investors in Spout?
Key investors include Draper Dragon, Anchorage Digital, Flow Traders, and Solana Labs.
How much is 1 Solana worth in rupee today?
About ₹11,172.81 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $106.16. The rupee price moves with both SOL's US-dollar price and the USDT/INR rate; use our Solana in rupee page for any amount.
Has Solana's price moved since this brief was published?
SOL is up 1.02% since this brief first published — trading at ₹10,096 ($106.16) now versus ₹9,994 ($105.09) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Crypto Economy. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.