SparkLendSpark allocates $210M to BTC-backed institutional loans via Anchorage
Spark has $210M allocated to institutional loans backed by BTC held in qualified custody with Anchorage Digital. Institutions can borrow USDC while their pledged assets remain in custody; Spark supplies the loan capital while Anchorage Digital manages the collateral through its Atlas product.
- The structure keeps borrower assets in regulated, qualified custody rather than moving them into DeFi, with Spark funding the lending side.
- It extends Spark's institutional push beyond its other distribution channels, pairing its loan book with Anchorage's custody infrastructure.
SparkLend
Spark is on a mission to empower the DAI ecosystem. As part of the MakerDAO community.
SparkLend: The DAI centric money market protocol. Combining the best liquidity directly from Maker and vertically integrating with the best DeFi protocols.
