Glow revealed the launch of Glow Prime and Glow Institutional Providing on Wednesday to funnel more of its decentralized financing (DeFi) stablecoin reserves into institutional credit markets.
Glow, a decentralized property allocator whose core factor Phoenix Labs formerly dealt with MakerDAO’s stablecoin and threat architecture, stated the suite is created to let customers gain access to stablecoin loans without running their own DeFi operations.
Glow Prime uses margin‑style financing and off‑exchange settlement powered by Glow’s liquidity engine, while Glow Institutional Providing plugs Spark‑governed markets into certified custodians such as Anchorage Digital so customers can keep security inside managed custody.
According to Trigger, early launch partners for Glow Prime consist of Edge Capital, M1 and Hardcore Labs.
Co‑founder and CEO of Phoenix Labs, Sam MacPherson, informed Cointelegraph that institutional financing was currently at about $150 million in dedications, with capability “to scale to billions over the coming months,” while Glow Prime is beginning with about $15 million and will ramp more gradually as “crucial security functions” are presented.
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Glow leans on Coinbase and PayPal offers
According to information from DeFi Llama, Glow’s overall worth locked (TVL) is presently at $5.24 billion, below a high of $9.2 billion in Nov. 2025, positioning it amongst the bigger DeFi cash market platforms by properties.
By contrast, Aave presently leads DeFi financing with $27 billion in TVL, while Maple sits at $2.1 billion.
Glow states it provided more than 80% of the USDC (USDC) liquidity for Coinbase’s Bitcoin‑backed loan market on Morpho, assisting drive about $500 million in loan development in the very first 3 months. Public control panels reveal Spark‑linked vaults have actually released more than $600 million to that market because launch.
PayPal’s PYUSD stablecoin program has actually likewise utilized about $500 million in Spark‑governed liquidity to deepen onchain markets for PYUSD and other stablecoins.
DeFi’s durability and market background
Related: Vitalik draws line in between ‘genuine DeFi’ and centralized yield stablecoins
The launch likewise highlights how DeFi has actually held up relative to token costs in general. Presently at $96.52 billion, the total DeFi TVL has actually fallen from around $120 billion at the end of January, representing a 20% decrease throughout the current crypto selloff, compared to the wider crypto market.
Over the exact same duration, Bitcoin (BTC) has actually dropped from about $89,000 at the end of January to $66,800 at the time of composing on Wednesday, a decrease of about 25%, while Ether (ETH) fell from about $3,000 at the end of January to approximately $1,950, down around 35%, according to information from Coingecko.
MacPherson argued that a person benefit of Glow’s design is that “anybody can examine the complete portfolio in genuine time,” including that organizations can finance its books versus their own limitations and exit “if the profile does not line up with their threat controls.”
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