According to Foresight News , Anchorage Digital has launched an on-chain lending service in partnership with Spark (formerly MakerDAO), allowing institutions to borrow money through the platform while holding their assets in custody. Spark developer Phoenix will acquire "direct legal ownership" of the pledged assets, while Anchorage Digital's collateral management and secure settlement infrastructure, Atlas, will oversee collateral management functions, including forced liquidation.
Anchorage has partnered with Spark to launch an on-chain lending service targeting institutional users.
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