Nasdaq-listed financial services firm Marex Group has invested in institutional crypto infrastructure provider Digital Prime Technologies, with the size of the investment undisclosed. The funding is set to support Tokenet, a digital asset lending platform being developed by Digital Prime in partnership with EquiLend, while also helping Marex broaden its institutional digital asset business. Digital Prime said last week that lending inventory from Tokenet launch partners had topped $1 billion and borrowing demand had also exceeded $1 billion. The company clarified that those figures refer to digital assets available to lend and borrowing interest expressed by participating institutions, not loans that have already been completed. Tokenet’s launch partners include Galaxy Digital and Ripple Prime. The investment forms part of Marex’s broader effort to expand its digital asset business through stakes in crypto market infrastructure.
Nasdaq-listed financial services firm Marex Group has invested in institutional crypto infrastructure provider Digital Prime Technologies. The amount of the investment was not disclosed.
The funding will support Tokenet, a digital asset lending platform being developed by Digital Prime in partnership with EquiLend. It will also be used as Marex expands its institutional digital asset business.
Tokenet inventory and borrowing interest both topped $1 billion
Digital Prime said last week that lending inventory from Tokenet’s launch partners had exceeded $1 billion, while borrowing demand had also passed $1 billion.
The company said those figures refer to the volume of digital assets available to lend on the platform and borrowing interest expressed by participating institutions. They do not represent completed loans.
Launch partners include Galaxy Digital and Ripple Prime
Tokenet’s launch partners include Galaxy Digital and Ripple Prime, among others.
Marex’s investment is part of its effort to expand its digital asset business through investments in crypto market infrastructure.
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