Space and Time, a Microsoft-backed level-1 data blockchain, has launched a new “Virtual Vault” platform for institutional crypto lending. The platform aims to solve long-standing collateral verification issues by providing lenders with cryptographically verified, real-time visibility into borrower assets across both centralized exchanges and DeFi protocols. Each vault can be configured to the specific terms of a lending agreement.
Space and Time (SXT) has launched a virtual vault platform it says is purpose-built for institutional lending. The new vaults offer cryptographically verified, continuously updated visibility into borrower collateral across exchanges and DeFi protocols.
Real-time verification of collateral has long been a challenge for the institutional lending sector. Generic solvency metrics have historically fallen short of practical needs for lenders.
“We built Space and Time so both institutions and onchain protocols could verify the data they act on, and Virtual Vaults are the clearest expression of that yet,” said Nate Holiday, co-founder of Space and Time. He stated institutional lenders need to see exactly what collateral backs a loan, exactly when they need to see it.
Each vault is configured to monitor specific venues, define eligible assets, and set alert thresholds. This extends the platform into onchain credit with verifiable controls for institutional-scale operations.
Microsoft’s venture arm, M12, participated in the company’s Series A and led a 2022 strategic funding round according to Token Terminal data. A $20 million funding round in August 2024 brought total funding to $50 million.
The blockchain was integrated with Microsoft Fabric a year ago and is now a Microsoft co-selling cloud solution. The Space and Time Foundation has also partnered with Southeast Asia’s Indomobil to onboard 50,000 students.
The native SXT token is deployed on multiple chains including Ethereum and Base. CoinMarketCap data shows 368,350 token holders and a market capitalization of $21.92 million.
