Spark, the lending arm of the Sky ecosystem (formerly MakerDAO), has allocated $210 million for institutional loans collateralized by Bitcoin and custodied through Anchorage Digital. Three institutional counterparties have already borrowed $150 million in USDC against $222 million worth of BTC, representing a collateralization rate of approximately 148%. Anchorage’s Atlas platform serves as a tri-party collateral agent, allowing borrowers to access liquidity without moving their Bitcoin fully on-chain. By the end of Q2 2026, Anchorage’s allocation had grown by 70% to approximately $260 million, becoming the highest-yielding segment in Spark’s portfolio at around 6.5% returns.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
