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Kraken and Maple close landmark onchain warehouse facility for digital asset-backed loans
Kraken and Maple have established an onchain warehouse facility for digital asset-backed loans, utilizing a bankruptcy-remote SPV to provide USDC-denominated funding for Kraken's OTC lending program.
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Read the original report at Kraken BlogWhy It Matters
It replicates traditional institutional credit market protections (bankruptcy remoteness, senior subordination) in an onchain environment, potentially creating a scalable template for institutional digital asset credit.