Arkis establishes governance board with Spark for on-chain risk reduction
Private Credit
Arkis, an on-chain prime brokerage and credit protocol, has implemented a mandatory multisig approval process for all smart contract deployments to enhance institutional-grade security. This governance shift follows the integration of Spark, the institutional DeFi allocator from the Sky ecosystem, into the Arkis governance board. With Spark managing $5.2 billion in total value locked, the move ensures that no single entity can unilaterally alter protocol behavior or introduce vulnerabilities. This development is part of a broader collaboration that launched the Spark Prime hybrid CeDeFi product on February 11, 2026. Spark Prime utilizes Arkis’s margin engine to provide institutions with unified portfolio margin accounts across multiple venues. By requiring digital signatures from multiple parties for code changes, Arkis aims to transition from theoretical governance to verifiable on-chain oversight. This integration of governance frameworks into technical infrastructure is critical for the RWA market, as it builds the necessary trust for large-scale institutional capital deployment in decentralized credit environments.
Key points
- ▸Arkis now mandates on-chain multisig approval for all smart contract deployments.
- ▸Spark, managing $5.2 billion in TVL, joined the Arkis governance board.
- ▸Spark Prime launched February 11, 2026, offering unified portfolio margin for institutions.
- ▸The new framework prevents unilateral code changes to the Arkis prime brokerage protocol.
Background
Arkis operates as a prime broker and on-chain credit protocol that bridges CeFi and DeFi, allowing institutions to manage collateral across various venues. Spark is the institutional DeFi allocator within the Sky ecosystem, focused on governance-driven liquidity and lending strategies. Together, they provide infrastructure for net-risk margining, treating institutional positions holistically to improve capital efficiency.