Anchorage Digital has partnered with DeFi lending protocol Spark to introduce an institutional-grade lending and custody solution. Utilizing the Atlas collateral management platform, this collaboration enables institutional users to access DeFi-native liquidity without on-chain asset transfers. Anchorage will serve as Spark's collateral broker, managing real-time LTV monitoring, executing liquidations, and holding BTC collateral assets. This partnership provides a compliant custody framework, offering a standardized access template for institutions. The first group of institutional borrowers has already secured and withdrawn significant loans under this new model, marking a successful launch of the service.