Spark has announced a collaboration with Anchorage Digital to expand its support for institutional lending, with initial borrowers securing $150 million USDC against $222 million in BTC collateral. This move reflects the growing demand for off-chain crypto lending solutions, which complements the current $41 billion in on-chain lending, as institutions increasingly seek crypto-backed loans that align with their regulatory and operational needs. Anchorage, as a leading qualified custodian, will facilitate this integration by enabling real-time collateral management, thereby enhancing Spark’s ability to offer secure and efficient lending infrastructures tailored to institutional users.
Spark expands institutional lending with $150M USDC lending via Anchorage partnership
