Galaxy has expanded its onchain finance business to Solana with two new stablecoin lending vaults on Kamino. The launch gives users access to Galaxy Curation strategies for USDC and USDT while extending the firm’s institutional risk framework to another blockchain ecosystem.
The two vaults went live on September 17, according to Galaxy. The company said its framework applies collateral standards, exposure limits, and market monitoring used across its trading and lending operations.
Institutional Risk Framework Comes to Kamino
Galaxy designed both vaults as moderate-risk strategies, but they target different objectives.
- The USDT Vault focuses on capital preservation through selective exposure to liquid lending markets.
- The USDC Vault seeks higher yield through broader collateral exposure and wider market participation.
Galaxy said its lending business had an average loan book of $1.4 billion between March 31 and June 30, 2026. The company also reported more than 1,700 institutional counterparties globally.
However, the vaults still carry market, smart contract, and liquidity risks. Galaxy has not disclosed a fixed target yield for either strategy.
Solana Gains Another Institutional Yield Product
The launch builds on Galaxy’s July introduction of its institutional vault curation business. That initiative initially used Morpho and offered distribution through Fireblocks Earn.
The Kamino deployment marks Galaxy Curation’s first expansion to Solana. The USDC vault will also be available through Kamino’s integration with Yield.xyz, extending access beyond Kamino’s direct user base.
Kamino has increasingly positioned its lending infrastructure for curated and institutional strategies. Its platform supports lending markets and managed vaults where curators can define allocations and risk parameters.
For Galaxy, the partnership also fits a broader push into onchain credit. The company launched its Galaxy Onchain Financing Rate program in July, which tracks lending markets including Kamino.
The new vaults therefore give Galaxy another route for putting stablecoin capital to work onchain while bringing its established risk-management framework into Solana’s lending market.
