Kraken and Maple Launch On-Chain Institutional Loan Warehouse Facility

PANews June 25 news, according to The Block, Kraken has partnered with decentralized lending platform Maple to launch the first fully on-chain digital asset loan warehouse facility, providing USDC liquidity for its OTC lending business for institutional and high-net-worth clients. Maple funds the facility through a revolving financing vehicle similar to traditional asset-backed securities (ABS) and establishes a bankruptcy-remote SPV structure to protect asset safety. Kraken acts as loan originator, servicer, and subordinate capital provider bearing first loss, while its Wyoming SPDI institution, Kraken Financial, holds the collateral assets.

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Author: PA一线

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