Space and Time launches Virtual Vaults for on-chain collateral

Space and Time launched Virtual Vaults on Tuesday. The feature gives institutional lenders continuous, cryptographic verification of borrower collateral across centralized exchanges and decentralized finance, and each vault can be configured to the terms of a lending agreement.

Each vault can be set to monitor specific venues, accept designated asset types as eligible collateral and trigger alerts at defined thresholds, the company said.

Virtual Vaults run on Space and Time’s level-1 data blockchain. The platform checks collateral locations across exchanges and DeFi protocols and generates cryptographic proofs intended to match the exact conditions of a loan rather than relying on generic solvency scores.

The firm described the vaults as programmatic controls that produce continuous, verifiable evidence about collateral positions. Lenders can use that evidence for reporting, automated triggers and reconciliation between counterparties without relying solely on third-party attestations.

In a statement, Nate Holiday, co-founder of Space and Time and CEO of MakeInfinite Labs, wrote: “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. Institutional lenders need to see exactly what collateral backs a loan, exactly when they need to see it.”

M12, Microsoft’s venture arm, participated in earlier funding rounds and Space and Time’s blockchain was integrated with Microsoft Fabric last year. Microsoft has designated Space and Time as a co-selling cloud solution.

In August 2024 Space and Time raised $20 million from investors including Lightspeed Faction and Arrington Capital, bringing its reported total fundraising to $50 million. A company spokesperson declined to comment on current financing plans.

The native token SXT is deployed on multiple chains, including Ethereum and Base. At time of publication there were about 368,350 token holders and a market capitalization near $21.9 million.

Space and Time did not name institutional customers at launch. The feature targets banks, lending desks and other institutional actors that require auditable proofs of collateral across custodial and on-chain environments. Outside finance, the company partnered with Indomobil to store course completion records and accept SXT payments for a program that onboarded 50,000 students.