Space and Time rolls out virtual vaults for institutional onchain lending
The data blockchain securing onchain finance projects looks to provide lenders and borrowers with agreement-specific collateral solution.
Space and Time (SXT), a level-1 data blockchain that secures onchain finance projects, has launched a virtual vault platform that it says is purpose-built for institutional lending.
The Microsoft-backed blockchain said on Tuesday that its new virtual vaults can be configured by institutional lenders and borrowers to their specific agreement, with cryptographically verified, continuously updated visibility into borrower collateral across the centralized exchanges and decentralized finance (DeFi) protocols where it actually sits.
Real-time verification of collateral has long vexed the institutional lending sector, with generic solvency metrics falling short of practical needs.