Ethena Partners with Anchorage to Advance Institutional Lending and Off-Chain Collateral Management

Odaily Planet Daily reported that Ethena Labs has partnered with Anchorage Digital. Anchorage will provide collateral management services for Ethena's institutional lending business through its Atlas Collateral Management platform.

The partnership allows Ethena to issue loans to institutional clients while keeping the collateral assets custodied with Anchorage, without needing to be fully transferred on-chain. Atlas will provide real-time monitoring of collateral and loan thresholds, and automatically execute margin processes and standardized operations.

Since April of this year, Ethena has begun adjusting the USDe reserve structure, transitioning towards an over-collateralized institutional lending model to reduce reliance on perpetual contract basis trading. Anchorage Digital Bank previously also served as the U.S. issuer for Ethena's institutional-grade stablecoin, USDtb.