CoinShares launches ‘On Chain’ product to provide institutional access to DeFi yields. CoinShares, co-founded by Jean‑Marie Mognetti, introduced On Chain to expose institutional investors to six sources of passive yields in decentralized finance (DeFi) and the firm previously launched its first Bitcoin ETPs in 2015. The market for the On Chain product is described in the article as being worth several billions of dollars.
On Chain is a new product from CoinShares that bridges traditional finance (TradFi) with decentralized finance (DeFi), described as allowing asset managers to access DeFi. The product positions institutional investors to gain exposure to passive yield-generating opportunities that exist on blockchain platforms.
The article states that On Chain exposes investors to six distinct sources of passive yields within DeFi. The article identifies CoinShares as the provider of On Chain. Those six sources of passive yields include Real World Assets (RWA) such as tokenized bonds, which are explicitly mentioned in the article. The article also names on-chain lending via Morpho as one of the yield sources. The remaining four sources are not enumerated in the provided content.
The description in the article frames these yield streams collectively as passive income opportunities available through DeFi. The article specifies that the target audience for the product includes institutional investors and asset managers.
The On Chain product’s regulatory profile combines MiCA for crypto assets with AIFMD and MiFID for financial instruments, as reported in the article. The article reports these regulatory frameworks together as covering crypto assets and financial instruments within the product’s structure.
The product is described as aiming to reduce crypto–crypto correlation and to deliver attractive results even outside periods of high volatility. The article identifies institutional investors and asset managers as the intended target market for On Chain. The market for the product is described in the article as being worth several billions of dollars.
This summary presents the regulatory framework and market positioning of On Chain as reported in the article. It omits implementation details, regulatory analysis, and individual statements. Other sections of the article provide details on yields and operational design.
CoinShares has launched the On Chain product to provide institutional access to decentralized finance yields, presenting a bridge between traditional finance and DeFi. The product is described in the article as adopting a combined regulatory approach intended to cover both crypto-assets and financial instruments. CoinShares positions the product as a regulated conduit for asset managers and institutional investors seeking passive yield exposure within on-chain markets.
