TechFlow News, June 25: According to The Block, Kraken has partnered with Maple, an on-chain institutional lending platform, to launch an on-chain warehousing facility for digital-asset-backed loans. This facility will provide USDC liquidity to Kraken’s over-the-counter (OTC) lending clients, enabling borrowers to use crypto assets such as BTC and ETH as collateral.
As disclosed, Maple will provide senior financing via a bankruptcy-remote special purpose vehicle (SPV), while Kraken handles loan origination, servicing, and subordinated risk retention. Kraken Financial will custody the underlying collateral assets. This model draws inspiration from the structure of traditional financial asset-backed securities (ABS) markets, aiming to improve capital efficiency in institutional lending and enhance on-chain transparency.
