Maple & Kraken Launch BTC, ETH Lending SPV With Wall Street Rules
The test is whether a bankruptcy-remote SPV, qualified custody, and first-loss retention can give institutional capital a reason to underwrite crypto-collateralized loans at scale.
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The test is whether a bankruptcy-remote SPV, qualified custody, and first-loss retention can give institutional capital a reason to underwrite crypto-collateralized loans at scale.
The structure is a revolving USDC line that lives entirely onchain, with Maple's lenders backing the credit and Kraken routing OTC borrowers into it.