Anchorage has partnered with Spark to launch an on-chain lending service targeting institutional users.
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According to ME News, on January 15th (UTC+8), Anchorage Digital launched an on-chain lending service in partnership with Spark (formerly MakerDAO). Institutions can use the on-chain lending platform to borrow money while simultaneously 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. (Source: ME)
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