TradFi giant EquiLend backs Digital Prime to link $40 trillion pool with tokenized markets
EquiLend made a strategic minority investment in Digital Prime to bridge its $40 trillion asset pool with tokenized markets via Tokenet.Summary
Securities finance utility giant EquiLend, which manages $40 trillion in lendable assets, has made a strategic minority investment in regulated crypto financing provider Digital Prime Technologies. This partnership aims to connect EquiLend's vast traditional finance ecosystem with emerging tokenized markets, driven by client demand for transparent, governed workflows across both traditional and digital instruments.
The collaboration will focus on Digital Prime's institutional lending network, Tokenet, which supports multi-custodian management and reporting. Future enhancements for Tokenet include introducing regulated stablecoin collateral and other tokenized instruments. EquiLend CEO Rich Grossi emphasized that this move is about readiness for the tokenization trajectory, ensuring continuity as clients consider expanding asset classes.
EquiLend's Chief Product Officer noted that the challenges in digital asset financing mirror early-stage issues in traditional securities lending. The timing is also influenced by a perceived growing alignment between traditional market infrastructure and digital asset regulation, making this investment sensible for EquiLend.
(Source：CoinDesk)