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Kraken and Maple have launched an onchain warehouse facility to fund institutional loans backed by crypto assets, transplanting a structure long used in traditional credit markets onto a blockchain.
The deal lets Kraken grow its institutional lending book by drawing on blockchain-based structured credit rather than deploying its own capital for each loan.
What a Warehouse Facility Actually Does In conventional finance, a warehouse line is a revolving credit facility that lets a lender originate loans — typically mortgages — using borrowed money, then replenish the line as those loans are sold or securitized.
The lender acts as an originator; the warehouse provider assumes short-term credit risk against a pool of underlying assets. Kraken and Maple are replicating that structure onchain.
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