Loading...
According to The Block, Kraken has partnered with Maple to launch an on chain institutional loan storage facility, providing USDC liquidity for OTC lending business between institutions and high net worth clients. Maple provides funding to the facility through a revolving financing tool and establishes an SPV structure for bankruptcy isolation. Kraken, as the loan initiator, service provider, and downstream investor, bears the first loss, and its subsidiary Kraken Financial manages the collateral assets.