Investors are showing renewed interest in “onchain credit” and stablecoin-linked financial infrastructure, signaling a shift away from decentralized finance (DeFi) lending as a standalone retail product. That backdrop is helping a well-known lending protocol, Morpho Labs, raise fresh capital and frame its next phase as credit infrastructure for institutions. According to Cointelegraph, Spark CEO Sam MacPherson said stablecoin growth is pushing the market to treat credit as a core layer in the onchain financial stack. He pointed to Morpho’s latest funding as an example of capital flowing toward stablecoin-enabled lending and credit tooling. Key takeaways Morpho announced a $175 million funding round led by Paradigm, with participation from a16z Crypto and Ribbit Capital. The company positions Morpho not only as a DeFi lending protocol, but as credit infrastructure for banks, asset managers, and fintechs. DeFiLlama data cited in the report puts Morpho at $6.72 billion in TVL and ab...
Crypto markets may still be buffeted by macro news and uneven regulatory signals, but tokenization continues to look like the sector’s most durable theme. This week’s developments underscored that shift: Binance Research data points to accelerating demand for tokenized real-world assets (RWAs), while Kraken expanded tokenized access to SpaceX’s IPO via its xStocks platform. Beyond tokenization, blockchain activity is also evolving. Prediction markets have now outpaced onchain gambling by volume for the first time, according to TRM Labs, and former FTX CEO Sam Bankman-Fried has filed a formal request for a U.S. presidential pardon. Key takeaways Binance Research reports active tokenized RWAs rose 589% since early 2025, with tokenized bonds and money market funds adding $6.5 billion and tokenized stocks up 422%. Kraken says eligible users in more than 110 markets can access the SpaceX IPO through xStocks, receiving an allocation that maps 1:1 to tokenized shares. TRM Labs data show...