Crypto Asset Managers Quadruple Onchain Holdings in 2025
- Since January, crypto asset managers have increased their onchain capital from $1 billion to over $4 billion.
- Major firms have locked nearly $2 billion in the decentralized lending and borrowing platform Morpho Protocol.
- Two-thirds of the total value locked by major “crypto-native” asset managers is controlled by Gauntlet, Steakhouse Financial, and Re7.
- Institutions are increasingly using DeFi as a back-end service due to regulatory shifts in the US.
- Centralized platforms like Coinbase offer stablecoin yields in consumer-facing apps, abstracting away DeFi complexity.
The report highlights a significant growth in onchain holdings by crypto asset managers this year, driven by deregulation and evolving DeFi infrastructure. Institutions are leveraging DeFi for its yield offerings and as a backend service, enhancing financial services without regulatory concerns.
The quadrupling of onchain capital indicates strong institutional confidence in crypto assets and DeFi protocols, with major players like Gauntlet leading the market share. Source
