Galaxy Digital Launches Institutional Stablecoin Yield Service

Galaxy Digital has launched a service that lets institutions earn yield on idle stablecoins without directly managing decentralized finance, or DeFi, infrastructure.

CoinDesk reported on July 16 that Galaxy Digital introduced Galaxy Curator, an institutional vault service built on the Morpho DeFi protocol. The service is available through custody platform Fireblocks.

The launch gives more than 2,400 Fireblocks institutional clients access to on-chain lending within their existing asset-management and custody setup. Galaxy Digital said stablecoins are often left idle while awaiting settlement or pending deployment. It said the service was designed to help institutions generate on-chain yield without the complexity and risks of using DeFi protocols directly.

The offering includes two strategies. The Quality Vault focuses on capital preservation by allocating stablecoins to higher-quality assets. The Enhanced Vault seeks higher returns by investing in higher-yield assets, including Ethena-based products.

Galaxy Digital said the service uses the same collateral standards, exposure limits and market-monitoring framework it applies to its institutional lending and trading businesses.