HSK Chain and decentralized lending protocol Morpho have entered a strategic partnership to develop an institutional focused onchain lending ecosystem in Asia.

The agreement was signed on July 28 at HashKey headquarters in Hong Kong by HSK Eco Labs head Serena Wang and Morpho Asia head Shanshan Shui.

Under the partnership, Morpho will complete a full deployment on HSK Chain and become the network’s official onchain credit partner.

The companies plan to develop onchain credit products for institutional and retail users. They will also explore CeDeFi and yield products backed by Bitcoin and real world asset collateral while working to introduce more institutional grade assets as eligible collateral within Morpho.

The partnership combines HSK Chain’s infrastructure and compliance focused ecosystem with Morpho’s permissionless lending technology. The companies said the collaboration is intended to expand access to open and capital efficient financial services in Asia and other markets.

Representatives from Galaxy Digital, Steakhouse and Timeless Silver joined discussions during the signing event. The talks focused on institutional lending, stablecoins, tokenized real world assets and the convergence of regulated financial infrastructure with decentralized protocols.

The companies did not disclose a timeline for the deployment or details about the first lending markets and collateral assets expected to launch.

HashKey Exchange also listed the MORPHO token for professional investors on July 28, opening trading through a MORPHO and US dollar pair.