BitGo Unveils Regulated Entry Point for Institutional Capital into DeFi Lending

BitGo Holdings (NYSE: BTGO), a leading digital asset infrastructure provider, has announced plans to expand institutional access to DeFi vault strategies. The company is collaborating with Morpho, a decentralized lending infrastructure protocol that currently holds over $11 billion in deposits.

The new offering will integrate BitGo's OCC-chartered national trust bank, BitGo Bank & Trust, with the vault structure provided by Morpho. This will enable eligible institutional clients to access third-party onchain lending strategies while BitGo custodies the corresponding vault receipt token.

According to Mike Belshe, CEO of BitGo, institutions are looking for ways to access onchain opportunities while maintaining the security and oversight that come with institutional custody. The architecture connects these pieces without pretending they are the same thing.

This is BitGo's second DeFi vault announcement in three weeks, following a partnership with Blueprint Finance's Concrete protocol. The two deals reflect how aggressively BitGo is expanding its product since its IPO in January, when it debuted on the Fortune 500 at No. 273 and reported $16.2 billion in 2025 revenue.