#Spark Launches Prime and Institutional Lending Suite


Spark announced Wednesday the launch of Spark Prime and Spark Institutional Lending to channel more #decentralized finance stablecoin reserves into institutional credit markets. The suite is designed to let borrowers access #stablecoin loans without operating their own DeFi infrastructure.


Spark Prime offers margin-style lending and off-exchange settlement powered by Spark's liquidity engine. Spark Institutional Lending connects Spark-governed markets to qualified custodians like Anchorage Digital, allowing clients to keep collateral inside regulated custody.


Early launch partners for Spark Prime include Edge Capital, M1 and Hardcore Labs, according to Spark. Sam MacPherson, co-founder and CEO of Phoenix Labs, stated institutional lending already reached approximately $150 million in commitments, with the capacity to scale to billions over the coming months.


Spark Prime is starting with roughly $15 million and will expand more gradually as key safety features are implemented. Phoenix Labs previously worked on MakerDAO's stablecoin and risk architecture before developing Spark as a #decentralized asset allocator.


Spark's total value locked currently stands at $5.24 billion, down from a high of $9.2 billion in November 2025, placing it among the larger #DeFi money market platforms by assets. Aave currently leads DeFi lending with $27 billion in TVL, while Maple sits at $2.1 billion, according to DeFi Llama data.

image
February 11, 2026 at 1:01 PM