Crypto-backed lending is re-emerging as a serious funding channel — but only if lenders can meet institutional standards around collateral control, servicing, and risk management. In this episode, Emily Barron, CEO and co-founder of Zaria, breaks down the operational and capital-markets infrastructure needed to bring crypto margin loans into warehouse lending and securitization.

What we cover:
• How crypto-backed lending works today (LTVs, liquidation mechanics, stablecoins)
• Why collateral segregation and custody infrastructure matter for institutional credit
• How to structure servicing, backup servicing, and key agent functions in digital asset lending
• Lessons from crypto winter, rehypothecation failures, and margin controls
• What it will take for banks, ABS investors, and regulators to support crypto-secured loans