Morpho Launches Lending Market on HSK Chain

Morpho has expanded into the Asian market by deploying its lending solution on HSK Chain, a layer-2 blockchain of Ethereum developed by HashKey Group. The agreement between Morpho and HSK Chain will bring on-chain lending and credit products to this platform, catering to the needs of institutions and individual users. HSK Chain will leverage its focus on real-world assets (RWA) to develop lending solutions using BTC and RWA as collateral. Morpho is also collaborating with major organizations such as Coinbase, BitGo, and Robinhood to expand the on-chain lending market. Since the beginning of 2025, Morpho's total value locked (TVL) has increased from $3 billion to $9.87 billion in September, thanks to the impact on competitor Aave following the Kelp DAO hack. The project has also successfully raised $175 million with a valuation of $2 billion from major funds.

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