‘Crypto-native’ asset managers quadruple onchain holdings since January
Crypto asset managers have grown their onchain allocations to $4 billion so far this year, as DeFi becomes the “‘invisible’ back-end” to fintechs, Artemis and Vaults report.
Crypto asset managers have significantly grown their holdings on blockchains since the start of the year, while institutions are increasingly using decentralized finance as a back-end to their services, according to a new report.
“A new class of ‘crypto-native’ asset managers is emerging,” the analytics platform Artemis and DeFi yield platform Vaults said in a report on Wednesday.
The report said asset managers are “quietly deploying capital across a diverse range of opportunities,” giving the example of major firms having locked in nearly $2 billion in the decentralized lending and borrowing platform Morpho Protocol.