
The Morpho-based vault curation service lets institutions deploy idle stablecoins into onchain lending through Fireblocks’ custody and policy framework, reducing operational friction while keeping compliance controls in place.
Galaxy Digital has launched Galaxy Curator, an institutional vault service built on decentralized lending protocol Morpho and available through Fireblocks Earn to more than 2,400 institutional clients. The product is designed to help firms earn yield on idle stablecoin balances without requiring them to manage decentralized finance infrastructure directly, allowing allocations to remain inside Fireblocks’ custody and governance environment. Galaxy said the service offers two strategies: a principal-protected vault focused on capital preservation and an enhanced yield vault aimed at higher returns. The platform curates specific Morpho markets using risk parameters, counterparty analysis and yield optimization, positioning Galaxy as a managed filter between institutional allocators and permissionless lending venues. Fireblocks’ transaction policy and compliance controls are integrated into the workflow before any vault interaction occurs. The launch comes as tokenized Treasury products have surpassed $20 billion in total value locked, underscoring broader institutional interest in onchain yield and tokenized real-world assets. It also highlights a shift in institutional DeFi adoption from technical feasibility toward risk, compliance and policy decisions, even as U.S. regulatory treatment for such products remains uncertain.