Kraken, Maple launch onchain warehouse facility for crypto-backed institutional loans
CoinTelegraph·
60-second summary
Kraken and Maple are launching an onchain warehouse facility for crypto-backed institutional loans, bringing a traditional warehouse financing model to blockchain. This facility enables Kraken to expand its institutional crypto lending business using structured credit. The partnership aims to increase efficiency and reduce costs for institutional lenders.
Kraken's new facility with Maple brings a traditional warehouse financing model onchain, allowing the exchange to expand its institutional crypto lending business using blockchain-based structured credit.