Overview
- Standard Chartered initiated formal coverage of Morpho on Wednesday, July 1, issuing a staged price path that reaches $60 by the end of 2030.
- The bank’s bullish projection rests on a thesis that DeFi assets will expand roughly 37-fold by 2030 and that Morpho can scale with that tokenization wave.
- Standard Chartered describes Morpho as a dual business made up of Morpho Markets, a lending protocol, and Morpho Vaults, infrastructure for on‑chain asset managers.
- The note highlighted near‑term credibility from Morpho Labs’ recent $175 million funding round and custody/platform integrations with firms such as Fireblocks, Anchorage and Bitwise.
- Markets reacted quickly: MORPHO rose about 10–13% intraday after the note, and the bank warned its target depends on large, lumpy institutional adoption plus robust custody and compliance arrangements.