Definition ∞ The organization and composition of debt obligations held by large financial entities or corporations. This includes various forms of borrowing, such as bonds, loans, and other credit facilities. In the digital asset sphere, this relates to how institutions finance their crypto operations or holdings.
Context ∞ The evolution of institutional debt structures to accommodate digital assets is a developing area. Financial institutions are assessing new forms of collateral and lending practices within the crypto market, while regulators examine the associated risks and stability implications.
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