# Spark Partners with Anchorage Digital to Expand Support of Institutional Lending Infrastructure

By [Spark](https://paragraph.com/@spark-11) · 2026-01-15

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Institutional adoption is expected to be the most significant growth vector for DeFi in the coming years. Spark has positioned itself to be a major player in this growing market by offering a suite of institutional-grade solutions.

  
**SparkLend** is the largest institutionally-focused lending market on Ethereum, with over $**5 billion** in deposits.

  
**Spark Savings** provides the ultimate treasury management solution with deep on-chain stablecoin liquidity ($**4.2 billion**) and competitive risk-adjusted rates (**4%**).

  
**Spark Liquidity Layer** provides capital to the DeFi ecosystem, such as Maple, to service off-chain OTC crypto loans (**$200 million deployed**).

  
Spark is expanding its institutional offerings through an integration with Anchorage Digital, America's first federally regulated crypto platform, via Atlas, Anchorage Digital's rapid settlement infrastructure, to extend its existing crypto-backed lending to institutional borrowers that are not yet comfortable coming on-chain and prefer custodial workflows. Anchorage Digital is a leading qualified custodian and provides tri-party OTC collateral management services to clients, enabling Spark to lend directly to counterparties while maintaining collateral monitoring and risk controls. 

  
Initial borrowers under this structure include three institutional counterparties, which have borrowed **$150 million USDC** against **$222 million of BTC collateral**. The [Spark Data Dashboard](https://data.spark.fi/spark-liquidity-layer/assets/0x49506c3aa028693458d6ee816b2ec28522946872?wallet_address=0x1601843c5e9bc251a3272907010afa41fa18347e&network=ethereum) allows for real-time tracking of assets to ensure loans remain collateralized.

  
The size of the off-chain crypto lending market is [estimated at around **$33 billion**](https://www.galaxy.com/insights/research/crypto-leverage-q3-2025-defi-cefi-lending-digital-asset-treasury-debt-futures-perpetuals), reflecting sustained institutional demand for crypto-backed loans outside of DeFi. Through its lending infrastructure and integration with qualified custodians, Spark provides institutions with access to large-scale liquidity. For more information, email [contact@spark.fi](mailto:contact@spark.fi).

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*Originally published on [Spark](https://paragraph.com/@spark-11/spark-partners-with-anchorage-digital-to-expand-support-of-institutional-lending-infrastructure)*
