Kraken launches institutional crypto lending model with Maple

Kraken has expanded its institutional lending business through a new Maple-backed financing facility built around a bankruptcy-remote SPV. Summary Kraken and Maple launched a USDC-funded SPV facility for institutional crypto-backed loans. Maple will provide senior financing while Kraken retains exposure and services the loans. Tokenized credit has grown past $6.2 billion, with Bernstein seeing a…

Read More

a16z-backed Base Power is offering cheaper electricity to the power grid that needs it most

Energy storage startup Base Power began selling its massive home battery systems to residents of Illinois yesterday, Canary Media reported. Crucially, it’ll be the startup’s first foray into the grid territory operated by PJM Interconnection, the largest U.S. grid operator by territory, and one that has particularly struggled to cope with an onslaught of new…

Read More