Compound Labs Launches ‘Treasury’ to Get Big Firms Reaping DeFi Yields

Compound Labs Launches ‘Treasury’ to Get Big Firms Reaping DeFi Yields

Decentralized finance (DeFi) firm Compound Labs, the creator of the Compound money market on Ethereum, has a new company: Compound Treasury.

It could be one of the most significant developments in “institutional DeFi” to date. While asset managers like Bitwise have packaged DeFi tokens for big investors, few have offered gateways to DeFi's underlying protocols.

In cooperation with Fireblocks and Circle, Compound Treasury lets neobanks and fintech firms send dollars that are converted into USDC, the dollar-backed stablecoin Circle administers in partnership with Coinbase.