DeFi projects aimed at institutionalization still need to be achieved through custodian onboarding.


> Today, Kamino announced that it will enable off-chain collateral through Anchorage, starting with a pilot project in collaboration with Solana Digital Asset Treasury Company.
> Lombard yesterday partnered with Anchorage + Morpho to launch Bitcoin Smart Account, allowing institutions to directly use BTC stored in cold wallets or qualified custodians for on-chain DeFi without transferring assets. The method is to add a “Smart Account” label in the existing custody setup, after which BTC is recognized on-chain via receipt tokens BTC.b (1:1 pegged), similar to a SWIFT-like settlement network, enabling on-chain operations. Institutional users can use idle BTC as collateral to borrow and earn yields in protocols like Morpho.
> In January 2026, Anchorage announced a strategic partnership with Spark to provide a crypto-backed lending channel through its Atlas collateral management and settlement infrastructure for institutional investors. Institutional borrowers can borrow funds on Spark’s lending market, while their BTC collateral remains securely stored off-chain in Anchorage Digital Bank’s custody, without needing to be fully on-chain.
KMNO3,05%
SOL0,96%
MORPHO0,38%
BTC0,65%
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