Morpho, the DeFi lending protocol with approximately $7.6 billion in total value locked, has signed its first Hong Kong partnership with HashKey’s HSK Chain. The deal makes Morpho the network’s official onchain credit partner and gives it a first anchor in Hong Kong, one of the few jurisdictions with a licensed virtual asset trading regime. HashKey operates a licensed virtual asset trading platform and holds a Type 9 asset management license from Hong Kong’s Securities and Futures Commission. The two companies plan to develop onchain credit products for institutional and retail users, and explore CeDeFi and yield products backed by Bitcoin and real-world asset collateral. MORPHO rose 0.7% in the past 24 hours while HSK slipped 0.8%, according to CoinGecko.
Source: Read the original article
