Kraken and Maple Bring Institutional Credit Infrastructure Fully On-chain
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Kraken has partnered with Maple, a 2019‑founded on‑chain institutional asset manager, to launch a TradFi-style USDC-denominated lending facility on blockchain. The product will support Kraken's OTC lending by letting institutional clients borrow against BTC and ETH instead of selling, advancing institutional crypto adoption and DeFi credit infrastructure.
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The veteran US exchange has tapped the 2019-founded Maple, one of the largest on-chain institutional asset management platforms with TradFi and crypto experience, to introduce a lending structure commonly used in traditional finance to blockchain-based markets.
It will be denominated in USDC and will support Kraken’s over-the-counter (OTC) lending business by enabling institutional clients to borrow against their BTC and ETH holdings rather than selling them.
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In This News
Coins
$ 64.14K
+1.51%$ 1.79K
+2.88%$ 0.99979
0%$ 0.99950
-0.01%$ 0.0018
Predictions Markets
See what traders are focused on
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