EquiLend Acquires Minority Stake in Digital Prime Technologies to Advance Tokenized Assets
EquiLend’s strategic investment in Digital Prime will enhance Tokenet’s role in bridging traditional and digital markets, introducing regulated stablecoin collateral and new tokenized instruments amid growing institutional demand.
EquiLend announced a strategic minority investment in Digital Prime Technologies, a regulated crypto financing provider, to expand into tokenized assets and digital markets. The collaboration will focus on Tokenet, Digital Prime’s institutional lending network, featuring multi-custodian and multi-collateral lifecycle management, exposure monitoring, and institutional reporting. Future plans include regulated stablecoin collateral and additional tokenized instruments. EquiLend, managing $40 trillion in lendable assets, emphasized the move is driven by client demand for transparent, governed workflows spanning trading to post-trade across traditional and digital assets. CEO Rich Grossi stated the investment aligns with the trajectory of asset tokenization without pivoting from the firm’s core traditional finance base.
- Tokenet: An institutional lending network by Digital Prime that supports multi-custodian, multi-collateral lifecycle management, exposure monitoring, and institutional reporting.
- Regulated stablecoin collateral: Collateral in the form of compliant, fiat-backed stablecoins used within regulated lending and settlement processes.
- Tokenized assets: Traditional financial assets represented on a blockchain, enabling programmable ownership, transfer efficiency, and potentially broader market access.