Foresight News: Anchorage Digital has launched an on-chain lending service in collaboration with Spark (formerly MakerDAO), allowing institutions to borrow using the on-chain lending platform while having their assets custodyed. Spark developer Phoenix will obtain “direct legal ownership” of the pledged assets, and Anchorage Digital’s collateral management and secure settlement infrastructure Atlas will oversee collateral management functions, including forced liquidation.
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Anchorage and Spark collaborate to launch on-chain lending services for institutional users
Foresight News: Anchorage Digital has launched an on-chain lending service in collaboration with Spark (formerly MakerDAO), allowing institutions to borrow using the on-chain lending platform while having their assets custodyed. Spark developer Phoenix will obtain “direct legal ownership” of the pledged assets, and Anchorage Digital’s collateral management and secure settlement infrastructure Atlas will oversee collateral management functions, including forced liquidation.