Kraken’s new facility with Maple brings a traditional warehouse financing model onchain, allowing the exchange to expand its institutional crypto lending business using blockchain-based structured credit.
Source: Cointelegraph
Kraken, Maple launch onchain warehouse facility for crypto-backed institutional loans
Kraken and Maple have teamed up to launch an innovative on-chain warehouse facility aimed at providing crypto-backed institutional loans. This new initiative allows institutions to leverage their cryptocurrency holdings as collateral, facilitating access to liquidity in a rapidly evolving digital finance landscape. By integrating Kraken's expertise in cryptocurrency exchange and Maple's decentralized finance capabilities, the partnership seeks to enhance the lending experience for institutional clients. This move underscores the growing trend of institutional adoption of cryptocurrencies, as firms increasingly look for efficient ways to manage their assets and capitalize on market opportunities.