Galaxy launches institutional-grade DeFi vault service "Galaxy Curator"

Odaily Planet Daily News: Cryptocurrency financial services company Galaxy Digital (GLXY) has announced the launch of an institutional-grade vault management service, "Galaxy Curator." Built on the decentralized lending protocol Morpho and made available to over 2,400 institutional clients via Fireblocks Earn, it helps them generate stablecoin on-chain yields without directly managing DeFi infrastructure.

Galaxy stated that the product aims to address the issue of large amounts of stablecoins held by institutions remaining idle for long periods. Due to settlement, capital deployment, and operational requirements, large-scale stablecoin assets often sit in custodial accounts, while directly engaging with DeFi protocols presents high technical and risk barriers. (CoinDesk)