Kraken is plugging its over-the-counter lending desk into Maple Finance’s onchain credit infrastructure, creating a revolving line of funding that lets accredited lenders on Maple supply USDC liquidity directly to Kraken’s institutional borrowers.
How the facility works
The structure is a revolving credit facility, which in plain English means borrowers can draw funds, repay them, and draw again without renegotiating terms each time. Kraken’s OTC borrowers need to be Pro-level verified clients, and the minimum loan size is $500,000. That floor alone signals this isn’t a retail play. It’s designed for funds, trading firms, and other institutional players who need flexible, large-scale USDC access.
The liquidity flows onchain through Maple’s infrastructure, which currently manages approximately $2.1 billion in total value locked. For a protocol that has originated over $17 billion in cumulative loans historically, adding Kraken’s borrower base represents a meaningful new distribution channel.
Kraken isn’t just outsourcing its lending capital. It’s structurally decoupling its OTC lending growth from its balance sheet constraints.
