GSR Invests $100 Million in Onchain Credit Business with Hare
- GSR is committing $100 million to launch an onchain credit business named Hare.
- The initiative will create and manage onchain vaults alongside liquidity platform Turtle.
- Hare’s funding will primarily serve as a credit facility, providing anchor liquidity for future investors.
- As of July, there were $8.6 billion in assets across 788 curated vaults, totaling approximately 1.4 million.
- Vaults are increasingly important in onchain finance, allowing assets to be used as collateral or yield sources.
This investment reflects the growing trend of tokenization in traditional finance, where more assets are moving onto blockchain platforms for better utilization. The demand for infrastructure that allows these assets to generate returns rather than remain idle is rising.
GSR’s $100 million commitment aims to capitalize on this trend by enhancing the role of vaults in managing digital assets effectively.(Source)
