Anchorage Digital Partners with Spark to Launch On-Chain Lending Service

According to Foresight News, Anchorage Digital has collaborated with Spark, formerly known as MakerDAO, to introduce an on-chain lending service. This platform allows institutions to borrow while securely managing their assets. Phoenix, the developer of Spark, will obtain direct legal ownership of the pledged assets. Anchorage Digital's Atlas infrastructure will oversee collateral management functions, including enforcing liquidations.