Morpho Deploys on HK's HSK Chain as DeFi Lender Gains Regulated Footprint
Morpho, a leading DeFi lending protocol, has announced its first partnership in Hong Kong with HashKey's HSK Chain. The collaboration will see Morpho complete a full deployment on HSK Chain and become the network's official onchain credit partner.
The deal marks a significant milestone for Morpho, which now has an anchor in one of the few jurisdictions running a licensed regime for virtual asset trading. HashKey Group, behind the HSK Chain, is a licensed Hong Kong crypto group that operates a Type 9 asset management license from the Securities and Futures Commission.
The partnership will enable the development of onchain credit products for institutional and retail users, as well as exploration into CeDeFi and yield products backed by Bitcoin and real-world asset collateral. Morpho's infrastructure will allow HashKey to layer KYC, wallet screening, and access controls on top to meet local regulatory requirements.
'HashKey becomes our anchor partner in one of the world's most important capital markets,' said Shan, who leads APAC growth at Morpho. 'This is proof that onchain credit infrastructure is ready to expand via licensed, institutional rails in APAC.'