Anchorage Leverages Spark for Onchain Lending with Off-Chain Collateral
Anchorage Digital is utilizing Spark to provide onchain lending opportunities for its institutional clients. This allows institutions to access credit markets while keeping their assets in off-chain custody. The development aims to bridge traditional custody solutions with decentralized finance (DeFi) lending protocols, potentially unlocking new avenues for institutional participation in the DeFi space. By integrating with Spark, Anchorage seeks to offer its clients greater flexibility in managing their assets and accessing liquidity within the onchain environment.
Never miss a Web3 update
Join our Telegram channel to receive news in real-time, straight to your phone.