Kraken and Maple Launch On-Chain Institutional Loan Warehouse Facility

CoinFeed June 25 news, according to The Block report, Kraken and decentralized lending platform Maple have partnered to launch the first fully on-chain digital asset loan warehouse facility, providing USDC liquidity for its institutional and high-net-worth clients' OTC lending business. Maple funds this facility through a revolving financing tool 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 subordinated funder, bearing first loss, with its Wyoming SPDI institution Kraken Financial acting as custodian for collateral assets.