Morpho RWA lending hits $2 billion in deposits

As of October 28, Morpho’s RWA dashboard recorded $2.145 billion in deposits and $894.18 million in active loans. This expansion is largely driven by private credit, which accounted for approximately 58% of deposits in a September snapshot by CertiK. Recent data from Sentora Research further emphasizes that specific tokens, such as PRIME—linked to home-equity lending—dominate the collateral landscape, representing $270 million in holdings.

Risk management remains a focal point as the protocol integrates tokenized equities and private credit strategies. Curators like Steakhouse Financial oversee market parameters, including liquidation thresholds and allocation caps, for assets ranging from Coinbase stock tokens to Fasanara’s private-credit products. Despite these controls, analysts warn of inherent hazards. Documentation from Bitwise and Morpho’s own risk disclosures highlight that rapid fluctuations in collateral value, coupled with potential oracle failures, could leave lenders exposed to bad debt. Furthermore, access to specific products remains restricted, with Robinhood-linked stock token loans currently unavailable to users in the United States.