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Anchorage to support onchain loans using offchain collateral in partnership with Spark

Anchorage Digital will work with Spark to support onchain lending that uses offchain collateral, The Block reported on Jan. 15. The arrangement is designed to let institutional investors store assets safely offchain while tapping DeFi liquidity. Anchorage Digital Bank will hold Bitcoin collateral offchain and enable borrowers to take loans through Spark, a DeFi credit solution linked to Sky (MakerDAO). CEO Nathan McCauley said institutions need trusted operations and risk management.