DeFi lending markets are evolving fast, not just in scale, but in the types of assets they can support. As tokenized assets move to the center of onchain capital markets, adoption depends on infrastructure that makes these assets verifiable and market-ready.
ACRDX on Morpho: Tokenized Private Credit Meets Onchain Lending
We’re excited to share that the
ACRDX/USDC market curated by Steakhouse
is live on Morpho.
ACRDX is a tokenized fund issued via
Centrifuge and verified by Chronicle’s Proof of Asset framework. The strategy, led by
Anemoy Capital, provides exposure to a diversified portfolio of private credit investments through the
Apollo Diversified Credit Fund, managed by teams at
Apollo Global Management.
This integration brings institutional-grade private credit exposure into a leading DeFi lending venue, supported by a verification layer designed for onchain markets.
The broader direction is clear. Tokenized funds are becoming increasingly interoperable with DeFi, moving from standalone products into composable building blocks across lending markets, vault strategies, and onchain DeFi strategies.
Steakhouse Financial as a Leading Curator on Morpho
Steakhouse Financial is a prominent curator on Morpho, managing ~$2B in deposits. That scale reflects both demand and direction. Users increasingly want curated access to yield opportunities. Markets increasingly need professional risk frameworks as new assets enter DeFi.
The ecosystem benefits when capital allocation and monitoring become continuous and accountable.
With ACRDX now integrated into one of the largest vaults on Morpho on mainnet,
the Smokehouse Vault from Steakhouse, tokenized private credit becomes part of this emerging curator-led paradigm, where strategy and risk oversight are not optional extras, but first-class components of DeFi adoption.
Proof of Asset: The Verifiable Data Layer Behind Tokenized Assets
Chronicle provides data verification infrastructure that enables institutions to confidently participate in tokenized financial markets.
Chronicle’s Proof of Asset framework verifies the underlying assets and holdings-level data of tokenized assets, expanding their utility and distribution by enabling their integration into DeFi and supporting automated risk management.
Proof of Asset is built to make tokenized assets usable inside DeFi markets that rely on high-quality, transparent, continuously refreshed inputs.
Verified Tokenized Credit for DeFi Lending
Tokenized assets going onchain is no longer the end goal. The next phase is making them usable at scale in DeFi, by integrating them into lending markets, curator strategies, and onchain financial products.
With this integration, ACRDX becomes a live example of how tokenized credit can be distributed through Morpho’s lending market infrastructure, Steakhouse’s curator-led vault distribution, and Chronicle’s Proof of Asset verification layer.
Together, these components represent a clear blueprint for how tokenized assets become a core part of DeFi lending.
About Chronicle
Chronicle provides onchain verification infrastructure that enables institutions to confidently participate in tokenized financial markets. Through its Proof of Asset framework, Chronicle delivers continuous, independent verification of underlying assets and pricing, with transparent data models and real-time monitoring surfaced via the Chronicle dashboard. Chronicle currently verifies billions of dollars in assets across leading institutional and onchain financial platforms.
About Morpho
Morpho is the universal lending network with $10B+ in deposits. Businesses can connect to Morpho's open infrastructure to power any lending or borrowing use case at scale, including embedded crypto-backed loans and custom yield solutions.
About Steakhouse Financial
Steakhouse Financial is a DeFi advisory and research firm specializing in institutional-grade risk management, particularly for stablecoins and tokenized assets.
