Kraken, Maple launch onchain warehouse facility for crypto-backed institutional loans (opens original article in a new tab)

Kraken and Maple launched an onchain warehouse financing facility for crypto-backed loans, using a bankruptcy-remote SPV to enable institutional lending without tying up balance-sheet capital.

• Kraken and Maple launched an onchain warehouse financing facility for crypto-backed loans using a bankruptcy-remote SPV.
• The facility allows Kraken to expand institutional lending without tying up balance-sheet capital, with Maple providing senior financing.
• The structure enables tracking of collateral and loan performance onchain, with Kraken Financial holding collateral and Zaria overseeing administration.