Spark launches Spark Prime and Spark Institutional to provide lending services to institutions such as hedge funds.

PANews reported on February 11th that, according to CoinDesk, the DeFi protocol Spark announced two new products at Consensus Hong Kong 2025: Spark Prime and Spark Institutional Lending. These products aim to connect on-chain stablecoin liquidity with off-chain credit markets for institutions such as hedge funds. The new products will allow institutions to access Spark's over $9 billion in on-chain stablecoin liquidity pools while adhering to traditional custody and compliance requirements.

Spark Prime offers a margin lending model that allows borrowers to deploy collateral across centralized exchanges, DeFi platforms, and qualified custodians within a unified risk control framework. This structure is powered by the margin and liquidation engine of prime broker Arkis, enabling automatic cross-platform liquidation when portfolio risk exceeds a threshold. Spark Institutional Lending targets institutions preferring full custody participation, partnering with custodians such as Anchorage Digital to allow them to access Spark-governed liquidity pools using assets held in compliant custody as collateral.