Galaxy Digital (GLXY) has launched an institutional vault custody business on decentralized lending protocol Morpho, expanding its business into on-chain finance with a product designed to help customers earn a yield on dormant stablecoin balances without managing decentralized finance (DeFi) infrastructure themselves.
The offering, called Galaxy Curator, is available through Fireblocks Earn, giving the custody platform’s more than 2,400 institutional clients access to on-chain lending strategies curated from their existing cash and custody flows, the company said in a press release Thursday.
The launch targets a long-standing challenge for institutional crypto holders. Large stablecoin balances often remain uninvested between settlements, deployments, and operational holds due to the complexity and risk associated with directly interacting with decentralized financial protocols.
The deployment comes as professional vault custody has become one of the fastest-growing segments of DeFi, with asset managers, trading firms and fintechs racing to package institutional-grade on-chain yield products. Over the past year, companies including Bitwise, Gauntlet, Steakhouse Financial, Wintermute, Dialectic, and RockawayX have launched or expanded their vault offerings on Morpho.
