BitGo is expanding institutional access to decentralised finance through a new DeFi vault offering developed with third-party infrastructure providers and risk managers. Launch partners include Morpho, a decentralised lending infrastructure protocol. The offering will enable eligible institutional clients to access third-party vaults and predefined onchain strategies through specialised partners. Independent risk managers will set strategy and risk parameters, whilst infrastructure providers supply the underlying vault architecture and onchain execution systems. Vault participation and custody of vault receipt tokens will be integrated with BitGo Bank & Trust, the company's OCC-chartered national trust bank. When client assets are transferred to third-party vaults, they deploy outside BitGo's custody environment, whilst the bank supports custody of corresponding vault receipt tokens. BitGo plans to expand the offering with additional providers and protocol integrations over time.

Zama, Morpho, and Steakhouse Financial are launching the first confidential DeFi yield product on Ethereum, opening for deposits on 23rd June. The vault allows users to earn yield on encrypted USDC without exposing balances or strategy onchain. Zama's cUSDC uses fully homomorphic encryption to shield balances and transfer amounts whilst maintaining auditability and compliance checks. The encrypted tokens deposit into Morpho vaults, specifically Steakhouse's USDC Prime vault. Whilst targeting institutions, the product appears accessible to retail users subject to screening and jurisdictional restrictions. Zama is running a launch campaign until 22nd June, with deposits of $10 or more entering users into a prize draw. The system encrypts balances but supports auditability and compliance checks, distinguishing it from mixing services.

Morpho is an open credit network that connects lenders and borrowers to the best possible opportunities worldwide.