Spark has launched two new products, Spark Prime and Spark Institutional Lending, aimed at providing lending services to institutions like hedge funds. Announced at Consensus Hong Kong 2025, these offerings connect on-chain stablecoin liquidity with off-chain credit markets. Spark Prime features a margin lending model that integrates collateral deployment across centralized exchanges, DeFi platforms, and qualified custodians, supported by Arkis's margin and liquidation engine for risk management. Spark Institutional Lending caters to institutions seeking full custody participation, collaborating with custodians such as Anchorage Digital. This service allows institutions to access Spark's $9 billion in on-chain stablecoin liquidity pools using compliant custody-held assets as collateral, ensuring adherence to traditional custody and compliance standards.