PANews reported on February 11th that, according to CoinDesk, the DeFi protocol Spark announced two new products at Consensus Hong Kong 2025: Spark Prime and Spark Institutional Lending. These products aim to connect on-chain stablecoin liquidity with off-chain credit markets for institutions such as hedge funds. The new products will allow institutions to access Spark's over $9 billion in on-chain stablecoin liquidity pools while adhering to traditional custody and compliance requirements.

Spark Prime offers a margin lending model that allows borrowers to deploy collateral across centralized exchanges, DeFi platforms, and qualified custodians within a unified risk control framework. This structure is powered by the margin and liquidation engine of prime broker Arkis, enabling automatic cross-platform liquidation when portfolio risk exceeds a threshold. Spark Institutional Lending targets institutions preferring full custody participation, partnering with custodians such as Anchorage Digital to allow them to access Spark-governed liquidity pools using assets held in compliant custody as collateral.