Galaxy Digital (GLXY) has introduced Galaxy Curator, a vault management business aimed at institutional clients seeking on-chain stablecoin yield without running DeFi infrastructure themselves. The product is built on decentralized lending protocol Morpho and is being distributed through Fireblocks Earn, giving access to more than 2,400 institutional customers. Galaxy said the service is designed to address a common balance-sheet issue for larger firms: sizable stablecoin holdings often sit idle in custody accounts because they are reserved for settlement, capital deployment, and day-to-day operating needs. Direct participation in DeFi protocols, the company said, can also bring technical complexity and risk hurdles that many institutions prefer not to handle on their own. CoinDesk cited Galaxy’s announcement.
Galaxy Digital (GLXY) has launched “Galaxy Curator,” an institutional vault management service built on the decentralized lending protocol Morpho.
Stablecoin yield product distributed through Fireblocks Earn
The company said the product will be available through Fireblocks Earn to more than 2,400 institutional clients, giving them a way to access on-chain yield on stablecoins without directly managing DeFi infrastructure.
Galaxy said the service is meant to address a problem it sees across institutional balance sheets: large stablecoin positions often remain idle in custody accounts for settlement, capital deployment, and operational needs. At the same time, direct use of DeFi protocols can involve technical demands and risk thresholds that are difficult for some institutions to take on.
CoinDesk reported the announcement.
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