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HSK Chain, Morpho sign July 28 pact on compliant on-chain lending in Asia

HSK Chain, Morpho sign July 28 pact on compliant on-chain lending in Asia

Morpho has completed its HSK Chain deployment as the network’s official onchain credit partner, while MORPHO began trading on HashKey Exchange as the firms target compliant lending in Hong Kong.

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Fact Check
The primary source (HSK Chain's official X announcement) and Morpho's APAC growth lead confirm the strategic partnership. BlockBeats reports the signing ceremony held July 28 at HashKey's Hong Kong HQ. The Defiant and Cryptobriefing independently corroborate that the agreement was signed July 28, Morpho became the official on-chain credit partner for compliant lending in Hong Kong/Asia, and HashKey Exchange listed MORPHO on July 28. All key claim elements are consistently supported across primary and independent sources.
Summary

Morpho has completed a full deployment on HashKey Group’s HSK Chain and will serve as the network’s official onchain credit partner, formalizing a partnership first announced on June 16 and marked by a signing ceremony on July 28 in Hong Kong. The move gives Morpho a foothold in one of Asia’s most closely watched crypto regulatory jurisdictions and adds a lending engine to HSK Chain, an Ethereum Layer 2 designed around compliance features such as KYC and KYB. The companies have said they plan to build compliant onchain credit products for institutional and retail users, including CeDeFi and yield products backed by Bitcoin and real-world asset collateral. Morpho’s modular design allows isolated lending markets with customized collateral, borrower requirements and risk settings, a structure aimed at institutions that need stricter controls than shared lending pools typically offer. Alongside the deployment, MORPHO started trading on HashKey Exchange on July 28, giving users access to the governance token through a regulated venue. Morpho’s total value locked was described at roughly $7.7 billion in the latest announcement, compared with about $7.6 billion previously cited.

Terms & Concepts
  • CeDeFi: A model that combines centralized compliance or distribution with decentralized financial infrastructure.
  • KYC: Know-your-customer checks used to verify users and help meet regulatory requirements.
  • KYB: Know-your-business checks used to verify corporate entities and support compliance controls.