Anchorage partners with Spark to launch on-chain lending services for institutional users

Foresight News reported that Anchorage Digital has launched an on-chain lending service in collaboration with Spark (formerly MakerDAO), allowing institutions to borrow through the on-chain lending platform while having their assets under custody. Spark developer Phoenix will obtain "direct legal ownership" of the staked assets, while Anchorage Digital's collateral management and secure settlement infrastructure, Atlas, will be responsible for overseeing collateral management functions, including forced liquidation.