Marex takes undisclosed stake in Digital Prime to fund Tokenet lending build
LONDON, Aug. 5. Marex has invested an undisclosed sum in Digital Prime, directing the capital toward the development of Tokenet, a digital asset lending platform for institutional clients, the companies said. The deal extends Marex's position in institutional crypto lending.
Key takeaways
- Marex has invested an undisclosed sum in Digital Prime, directing the capital toward the development of Tokenet, a digital asset lending platform for institutional clients.
- Tokenet is Digital Prime's digital asset lending platform, and the Marex investment is designated as support for that build.
- Neither company disclosed the stake size, a valuation, or a timeline for the platform's rollout.
- The deal extends Marex's position in institutional crypto lending.
- The companies cited growing institutional demand for crypto infrastructure as the backdrop for the deal.
LONDON, Aug. 5. Marex has invested an undisclosed sum in Digital Prime, directing the capital toward the development of Tokenet, a digital asset lending platform for institutional clients, the companies said. The deal extends Marex's position in institutional crypto lending.
The Tokenet platform
Tokenet is Digital Prime's digital asset lending platform. The release designates the Marex investment as support for that build. Neither company disclosed the stake size, a valuation, or a timeline for the platform's rollout.
Institutional demand as the backdrop
Institutional demand for crypto infrastructure continues to grow, according to the announcement. That demand frames the deal: Digital Prime is building a lending product aimed at that client base, and Marex is funding its development. The companies released no additional detail on the financial arrangement.