Overview
- Standard Chartered initiated formal coverage on Wednesday, July 1, 2026, and laid out a yearly price path that puts MORPHO at $3.50 in 2026, $11 in 2027, $22 in 2028, $40 in 2029, and $60 by the end of 2030.
- The bank frames Morpho as a “dual-play” made up of Morpho Markets, a lending protocol, and Morpho Vaults, infrastructure meant to let banks and asset managers deploy tokenized assets onchain.
- Analysts point to measurable backing for the thesis: Morpho’s deposits/TVL sit near $9.8–$10 billion, Morpho Labs closed a $175 million funding round valuing the project near $2 billion, and custody/platform links include Fireblocks, Anchorage, Taurus, Coinbase, and Apollo.
- Standard Chartered’s $60 target rests on a forecast that total DeFi assets expand about 37-fold by 2030 and warns that the outcome depends on Morpho winning deep traditional finance relationships and steady institutional inflows.
- The research sparked a roughly 10–13% intraday lift in MORPHO prices and sets the next several quarters as a test of whether custody integrations and tokenization drive the institutional flows the bank assumes.