Spark looks to build building a safe bridge between onchain capital and TradFi

Spark is opening access to its $9 billion stablecoin liquidity pool for hedge funds and other institutions to bridge onchain capital with off-chain credit markets. What to know : Spark has introduced Spark Prime and Spark Institutional Lending to serve hedge funds and other institutional crypto borrowers. The products allow access to more than $9 billion in on-chain stablecoin liquidity while keeping custody and risk controls off-chain. The move targets the much larger $33 billion off-chain crypto lending market, rather than DeFi alone.(Coindesk)