ValueChain‘s SoDEX buying and selling and wealth utility has built-in Morpho, the on-chain credit score community that reported greater than $16 billion in deposits as of October 2026. The combination lets in SoDEX customers to deposit USDC right into a Morpho Vault curated through Unified Labs, incomes yield generated through borrowing process around the markets to which the vault allocates. The product is are living now at sodex.com/wealth.
The vault’s allocation coverage, collateral parameters and menace limits are set through Unified Labs, which describes itself as Asia’s first institutional-grade menace curator centered at the intersection of real-world property and decentralised finance. Deposits and redemptions are treated inside the SoDEX interface, getting rid of the will for a separate pockets connection or a standalone DeFi workflow.
How the product works
The earn product sits inside of SoDEX Wealth and is enabled through the ValueChain-Base bridge, which routes stablecoin deposits from ValueChain’s layer-one blockchain onto the Base community the place the Morpho Vault operates. Yield accrues from borrowing call for relatively than from token emissions, a structural difference that issues to establishments and advisers assessing sustainability of returns. The discharge didn’t divulge an indicative annual proportion yield or element the precise collateral sorts the vault these days accepts.
Might Wang, co-founder of ValueChain, framed the combination as a diversification of the ecosystem’s alternative set additional alongside the danger spectrum, in line with ValueChain’s said intention of giving self-custodial buyers get right of entry to to a spread of on-chain monetary merchandise along spot and perpetuals buying and selling and AI-powered analysis.
For Morpho, the deal is basically a distribution transfer into Asia-Pacific. Shanshan Shui, APAC go-to-market lead at Morpho, mentioned the combination lets in the protocol to achieve SoDEX and SoSoValue customers inside of their present interface, relatively than requiring the ones customers to navigate to Morpho at once.
Marketplace context
The combination illustrates a structural development that has sped up around the DeFi and crypto-adjacent fintech house: protocols akin to Morpho, Aave and Compound are an increasing number of located as shared yield infrastructure that product groups embed relatively than mirror. Morpho’s publicly indexed companions come with Coinbase, Robinhood and Société Générale, which indicators an urge for food amongst regulated and semi-regulated distribution platforms to get right of entry to on-chain credit score yield with out construction the underlying credit score infrastructure themselves.
From a regulatory viewpoint, the product occupies a zone that regulators in more than one jurisdictions are actively analyzing. Within the Eu Union, the Markets in Crypto-Belongings legislation got here into complete utility in 2024 and covers positive stablecoin and crypto-asset carrier actions, despite the fact that natural DeFi protocols take a seat in a gray house pending additional Fee steering. In Singapore, the place ValueChain is primarily based, the Financial Authority of Singapore has indicated that yield-bearing digital-asset merchandise would possibly draw in licensing necessities relying on their construction. Neither ValueChain nor Morpho addressed the regulatory framing of the earn product within the free up.
Unified Labs’ position as vault curator is the risk-management layer that makes the product viable for a broader target audience. Louis Wan, co-founder and leader govt of Unified Labs, mentioned Morpho is turning into the yield layer that fintech platforms combine relatively than rebuild, which captures the infrastructure common sense of the association. Whether or not the vault’s curated parameters are enough to fulfill institutional or regulated-platform menace requirements depends on how Unified Labs paperwork and publishes its collateral and allocation method through the years.
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