Space and Time (SXT), a layer-1 data blockchain focused on securing onchain finance, has introduced Virtual Vaults, a platform designed for institutional lending. Backed by Microsoft, the company says the vaults can be tailored by lenders and borrowers to match specific loan terms while providing cryptographically verified, continuously updated visibility into borrower collateral across centralized exchanges and DeFi protocols.
Real-time collateral verification has long been a challenge for institutional lenders, who have found generic solvency metrics insufficient for operational needs. Nate Holiday, co-founder of Space and Time and CEO of MakeInfinite Labs, said the product is a direct response to that demand: institutions and onchain protocols need verifiable data they can act on and precise, timely views of what backs a loan.
Each Virtual Vault is configured to a loan’s agreement: which trading venues to monitor, which assets qualify as collateral, and what thresholds trigger alerts. Space and Time says the feature extends its platform into onchain credit, providing verifiable controls and reporting aimed at the systems institutions and borrowers require to scale.
Microsoft’s venture arm M12 participated in Space and Time’s Series A and led a strategic funding round in 2022, according to Token Terminal. In August 2024 Space and Time raised $20 million from investors including Lightspeed Faction and Arrington Capital, bringing total funding to about $50 million. A company spokesperson declined to comment on future financing plans.
Space and Time was integrated with Microsoft Fabric around a year ago and is designated a Microsoft co-selling cloud solution. Fabric is promoted by Microsoft as an end-to-end “intelligent data platform.” The Space and Time Foundation has also partnered with Indonesia’s Indomobil to onboard 50,000 students onchain, using SXT to store proof of course completion and to accept payments in SXT.
The native token SXT is deployed across multiple chains including Ethereum and Base. At publication CoinMarketCap data showed about 368,350 token holders and a market cap of roughly $21.92 million.
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