Marex backs Digital Prime Technologies to build institutional crypto lending rails

What's the deal? Digital Prime TechnologiesDealroom has a profile for this one. Try Dealroom →, a provider of institutional digital asset technology, has secured a strategic investment from MarexDealroom has a profile for this one. Try Dealroom →. The company will use the funds to accelerate its Tokenet lending marketplace.

Tokenet is an institutional digital and tokenized asset lending marketplace developed with EquiLendDealroom has a profile for this one. Try Dealroom →. It applies securities-lending workflows, risk controls, and lifecycle management to digital and tokenized assets.

MarexDealroom has a profile for this one. Try Dealroom →, Digital Prime Technologies and Galaxy Digital are working with EquiLend to build infrastructure that lets banks, broker-dealers, asset managers and custodians enter digital-asset lending through familiar operational, risk and compliance frameworks.

Why now? Marex was already a strategic participant on Tokenet, so the investment deepens an existing relationship. "The demand from institutional investors for digital assets is growing," said Steve Hood, head of clearing Americas at Marex.

Digital Prime Technologies will use the investment to accelerate Tokenet's product development, expand institutional connectivity and strengthen its capabilities for the global lending market.

"This investment reinforces our vision of creating the institutional operating model for digital asset lending," said James RunnelsDealroom has a profile for this one. Try Dealroom →, co-founder and chief executive officer of Digital Prime Technologies.

The signal: Traditional finance is extending established securities-lending controls into digital assets, giving institutions a familiar operating model for a newer market.

Read more: PRNewswire

Image credit: Generated with Gemini