Cryptocurrency News & Market Updates

Kraken and Maple close landmark onchain warehouse facility for digital asset-backed loans
Kraken and Maple close landmark onchain warehouse facility for digital asset-backed loans

TL;DR

  • Kraken and Maple have closed an onchain warehouse facility for digital asset-backed loans, replicating the structural protections of institutional credit markets in a fully onchain environment for the first time.

  • The USDC-denominated facility funds Kraken’s OTC lending program, with Maple providing senior financing through a bankruptcy-remote SPV so clients can access liquidity without selling their crypto.

  • For Maple lenders, the facility opens senior, overcollateralized yield backed by BTC and ETH collateral, with loan performance verifiable onchain in real time.

We’re excited to announce the closing of an onchain warehouse facility for digital asset-backed loans with Maple, the leading onchain asset manager. The move marks one of the first times the structural protections that underpin institutional credit markets have been replicated in a fully onchain environment.

Jun 25, 20263 min read