[Kraken Partners with Maple to Launch On-Chain Institutional Lending Warehouse Facility] According to The Block, Kraken has partnered with the decentralized lending platform Maple to launch the first fully on-chain digital asset lending warehouse facility, providing USDC liquidity for its institutional and high-net-worth clients' OTC lending operations. Maple funds the facility through a revolving financing tool similar to traditional asset-backed securities (ABS) and establishes a bankruptcy-remote SPV structure to ensure asset security. Kraken acts as the loan originator, servicer, and junior capital provider, bearing the first-loss risk, while its Wyoming SPDI entity, Kraken Financial, serves as the custodian for collateral assets.