Morpho poised to scale as DeFi infrastructure play, Standard Chartered says
The bank initiated coverage of Morpho with a $60 end-2030 price target, saying its DeFi lending and onchain infrastructure businesses are positioned to benefit from tokenization growth.
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Summary
- Standard Chartered said Morpho combines a DeFi lending protocol with infrastructure powering onchain banks and asset managers.
- The bank expects Morpho’s assets to grow in line with its forecast for a 37x expansion in DeFi assets by 2030.
- It initiated coverage of Morpho with a $60 end-2030 price target, implying roughly 33x upside from current levels.
