Galaxy Digital (GLXY) has launched an institutional vault holding business on decentralized lending protocol Morpho, expanding its push into on-chain finance with a product designed to help customers earn yield on idle 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 select on-chain lending strategies from their existing treasury and custody workflows, the company said in a press release Thursday.
The launch points to a long-standing challenge for institutional cryptocurrency holders. Large stablecoin balances often remain uninvested between liquidations, deployments, and operational holds due to the complexity and risk associated with directly interacting with decentralized finance protocols.
The launch comes as professional vault curation has become one of the fastest-growing DeFi segments, with asset managers, trading firms and fintechs racing to package institutional-grade on-chain yield products. Over the past year, companies such as Bitwise, Gauntlet, Steakhouse Financial, Wintermute, Dialectic, and RockawayX have launched or expanded select vault offerings on Morpho.
