Crypto
Kraken, Maple launch on-chain warehouse financing for institutional crypto-backed loans
Kraken and Maple have launched an on-chain warehouse financing facility for institutional loans backed by cryptocurrencies. The structure applies a warehouse financing model commonly used in traditional credit markets to digital-asset lending. The facility supplies funding for Kraken’s OTC lending business through a special purpose vehicle operated in USDC. Maple provides senior capital, while Kraken retains a stake in the transaction. The companies did not disclose the facility’s size or detailed terms.
