GSR commits $100 million to vault business targeting onchain institutional credit
Crypto market maker GSR is committing $100 million to a new onchain credit business, betting institutional investors will increasingly use blockchain-based vaults for digital and tokenized assets. The venture, called Hare, will initially focus on stablecoin and tokenized gold products, according to CoinDesk reporting published Wednesday.
The move reflects GSR’s broader push into tokenization and institutional crypto infrastructure. The firm expects vaults to become a larger channel for putting digital assets to work while connecting traditional finance with decentralized markets. Stablecoins and tokenized real-world assets have gained traction as financial institutions explore blockchain-based settlement, yield and credit products.
GSR’s commitment also signals growing competition around onchain credit, where firms are seeking to package institutional strategies into transparent, blockchain-based products. The company has previously identified stablecoins, payments and real-world asset tokenization as major areas of crypto market development.
Why it matters
The investment could accelerate institutional adoption of onchain credit and expand demand for tokenized real-world assets. It also highlights a shift toward crypto infrastructure built around yield and credit rather than trading alone.
