Anchorage Digital is partnering with Spark to support onchain loans that use offchain collateral, The Block reported on Thursday. The move will allow institutional investors to access DeFi liquidity while keeping their assets securely stored offchain.
Anchorage Digital said, "This model will open a new path for institutional investors seeking DeFi liquidity." Anchorage Digital Bank will keep Bitcoin collateral offchain and support borrowers in taking out loans through Spark, a DeFi credit solution linked to Sky (MakerDAO).
Anchorage is the first crypto company to receive an OCC national bank charter and has recently expanded its business by building an asset management team and offering token lifecycle management. With BitGo having filed for an IPO, there is speculation that Anchorage is also preparing to list.
Anchorage CEO Nathan McCauley said, "Institutions want access to the most efficient pools of capital in the crypto market, but they need trusted operations and risk management." He added, "Atlas collateral management helps DeFi protocols meet the needs of institutional investors while maintaining transparency and speed."
Chi-gyu Hwang
delight@d-today.co.kr