Galaxy Digital (GLXY) has launched an institutional vault management company based on decentralized lending protocol Morpho, expanding its push into onchain finance with a product designed to help customers earn returns on inactive 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 customers access to curated onchain lending strategies from their existing treasury and custody workflows, the company said in a press release Thursday.
The launch addresses a long-standing challenge for institutional crypto holders. Large stablecoin balances are often left uninvested between settlements, deployments, and operational blocks due to the complexity and risk associated with directly interacting with decentralized financial protocols.
The rollout comes as professional vault management has emerged as one of the fastest-growing segments of DeFi, with asset managers, trading firms and fintechs rushing to package institutional-grade onchain yield products. Over the past year, companies like Bitwise, Gauntlet, Steakhouse Financial, Wintermute, Dialectic, and RockawayX have launched or expanded curated vault offerings on Morpho.