Galaxy Digital has introduced Galaxy Curator, a platform built on Morpho, enabling Fireblocks' 2,400 institutional clients to access onchain yield strategies.
By Will Canny, AI Boost|Edited by Cheyenne Ligon Jul 16, 2026, 12:00 p.m. 3 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on Mike Novogratz, Galaxy founder and CEO. (CoinDesk)SummaryShow- Galaxy has introduced vaults for institutions on Morpho, accessible via Fireblocks Earn, allowing institutions to invest idle stablecoins into curated onchain yield strategies.
- The service implements Galaxy's institutional risk management framework, including collateral standards, exposure limits, and market surveillance, while keeping assets at the protocol level.
- Galaxy is launching two distinct products: a Quality Vault emphasizing capital preservation with blue-chip collateral, and an Enhanced Vault aiming for higher yields through assets like liquid restaking tokens, Pendle principal tokens, and Ethena products.
Galaxy Digital (GLXY) has initiated a vault curation service on the decentralized lending platform Morpho, enhancing its presence in onchain finance with a solution that allows clients to earn yield on their idle stablecoin reserves without directly managing decentralized finance (DeFi) operations.
The new offering, named Galaxy Curator, is accessible through Fireblocks Earn, enabling over 2,400 institutional clients of the custody platform to utilize curated onchain lending strategies within their current treasury and custody processes, as stated in a press release on Thursday.
This launch aims to address a persistent issue faced by institutional cryptocurrency holders, where substantial stablecoin holdings often remain unutilized due to the complexities and risks associated with engaging directly with DeFi protocols.
The introduction of this service comes at a time when professional vault curation is one of the rapidly expanding areas within DeFi, as asset managers, trading firms, and fintech companies rush to create institutional-grade onchain yield products. Over the past year, companies like Bitwise, Gauntlet, Steakhouse Financial, Wintermute, Dialectic, and RockawayX have either launched or enhanced their curated vault offerings on Morpho.
As the competition for creating onchain investment products intensifies, crypto platforms are moving beyond basic trading functionalities. Recently, Robinhood (HOOD) broadened its tokenization efforts through Robinhood Chain, introducing tokenized stocks, decentralized lending, and other DeFi products to facilitate the onchain transition of traditional financial assets. Additionally, Kraken has launched its xStocks ecosystem, allowing eligible users to trade tokenized U.S. equities which can be used across DeFi for purposes such as collateral and yield generation strategies.
As the focus shifts from tokenization to the infrastructure and products surrounding it, firms are racing to attract institutional investments with curated onchain offerings.
“Galaxy leverages years of expertise in navigating market cycles and developing robust trading and risk management platforms into our Curation offering,” a spokesperson from the company remarked in an email. “Institutions can expect precise strategies and stringent controls regarding downstream risks. “ This is a product tailored for institutional clients, rather than a retail yield opportunity, representing a logical progression for a firm with a solid history in building onchain capital markets,” the spokesperson continued. “Platforms aimed at retail customers aren't competitors; they are potential partners for distribution. Our ambition is to integrate Galaxy's vault products into both retail and institutional platforms, starting with Fireblocks as our initial partner, enabling them to provide our crypto expertise and risk infrastructure to their users.”
Galaxy asserts that its vaults apply the same collateral standards, exposure limits, and market monitoring that are utilized in its institutional lending and trading operations, while allowing clients to maintain asset control at the protocol level. Transactions will continue to proceed through Fireblocks' established approval, signing, and policy controls.
The product is being launched with two strategies utilizing Morpho's lending framework. The Quality Vault focuses on allocating funds solely to markets supported by blue-chip collateral, prioritizing capital preservation, whereas the Enhanced Vault ventures into higher-yielding assets, including liquid restaking tokens, Pendle principal tokens, and Ethena products, in search of increased returns with higher risk.
Galaxy indicates that this venture leverages its broader institutional framework, which encompasses an average loan portfolio of $1.4 billion, over $3 billion in staked assets across five custodians, and a distribution network that includes more than 1,600 institutional counterparties.
Read more: Kraken unveils Bitcoin Vault, expanding yield push for BTC holders
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Why it matters:
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
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