Marex invests in Digital Prime to expand institutional crypto lending
abstrak:Marex Group, a Nasdaq-listed financial services firm, has made an undisclosed investment in institutional crypto infrastructure provider Digital Prime Technologies, reflecting traditional finance's growing interest in digital assets. The funding will support Tokenet, a digital asset lending and borrowing platform developed with EquiLend, as part of Marex's strategy to expand its institutional digital assets business. Last week, Digital Prime said Tokenet had surpassed $1 billion in lending inventory and over $1 billion in borrowing demand from launch partners including Galaxy Digital and Ripple Prime—figures representing available assets and expressed interest, not completed loans. The move makes Marex the latest major financial services company to enter crypto market infrastructure, following institutions such as Barclays, BNY, and Wells Fargo targeting segments like stablecoin infrastructure and tokenized deposits.
Marex Group, a Nasdaq-listed financial services firm, has invested an undisclosed amount in institutional crypto infrastructure provider Digital Prime Technologies, underscoring traditional finances growing interest in digital asset markets.
The companies announced Wednesday that the investment will support the continued development of Tokenet, a digital asset lending and borrowing platform built by Digital Prime in partnership with EquiLend. Marex said the investment is part of its strategy to expand its institutional digital assets business.
Last week, Digital Prime said Tokenet had surpassed $1 billion in lending inventory and more than $1 billion in borrowing demand from its launch partners. The figures referred to the amount of digital assets available to lend through the platform and the volume of borrowing interest expressed by participating institutions, rather than completed loans. Launch partners included Galaxy Digital and Ripple Prime, among others.
The investment makes Marex the latest major financial services company to expand its digital asset business through investments in crypto market infrastructure. Other institutions, including Barclays, BNY and Wells Fargo, have recently targeted different segments of the industry, from stablecoin infrastructure to tokenized deposits.
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