EU lawmakers have adopted a position paper on digital assets, urging the European Commission to assess the regulatory scope of DeFi, crypto lending, staking, and NFTs. The paper calls for consistent MiCA application and warns against market fragmentation.
Crypto exchange Kraken and onchain asset manager Maple have launched an onchain warehouse financing facility for crypto-backed loans, utilizing a bankruptcy-remote special purpose vehicle (SPV) and USDC financing to expand Kraken's institutional lending business without tying up additional balance-sheet capital.
Kraken and Maple have launched an onchain warehouse financing facility for crypto-backed loans, applying a traditional credit market structure to institutional digital asset lending. The facility uses a bankruptcy-remote SPV and USDC to fund Kraken's OTC lending business.
Goldfinch, a crypto lending platform, transitions from growth to recovery phase, highlighting risks in collecting from borrowers. A proposed wind-down plan focuses on legacy borrower repayments, servicing costs, and legal structures, testing the sustainability of tokenized private credit.
Morgan Stanley and Galaxy Digital have partnered to allow eligible wealth management clients to lend Bitcoin, Ethereum, or Solana in exchange for spot crypto exchange-traded product (ETP) shares, streamlining onboarding and reducing minimum transaction sizes.
