The mWIN token from global asset manager Wellington Management has been officially added as collateral on the DeFi lending protocol Morpho via Sentora. This news is particularly notable as it comes at a time when RWA deposits on Morpho are hitting all-time highs.

The key takeaway is that we've moved beyond the stage of ETFs indirectly investing in virtual assets, with institutions now directly utilizing real on-chain assets (RWA) they've issued as collateral for DeFi financial infrastructure. This trend is consistent with the recent move by financial firm Marex, which is expanding the ecosystem by investing in Digital Prime to scale its institutional lending platform.

Despite regulatory uncertainties in places like the U.S., a compliant on-chain financial network is being built steadily behind the scenes. I'm curious to see if RWAs will evolve beyond mere investment products to play a vital role as core liquidity in the DeFi ecosystem. 😄

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