New Onboarding: eurSAFO from @Spiko_finance. eurSAFO, the Euro share class of the Spiko Amundi Overnight Swap Fund (SAFO), is now eligible collateral for the Steakhouse EURCV vault on Ethereum. SAFO is a tokenized UCITS fund built by Spiko and managed by Amundi, crossing $1B in AUM four months after launch.

Excited to finally announce the closing of @grovedotfinance's first institutional warehouse lending facility in partnership with @galaxyhq for $500M, financing their origination of senior secured loans to institutional borrowers. This is what Grove Financing was built for: institutional scale capital for crypto and stablecoin native businesses, structured to fit the borrower's needs. Crypto native originators have a financing problem. Banks largely will not warehouse digital asset collateral, and most onchain capital is passive, fickle, and unstructured. Grove Financing closes that gap. Grove brings committed capital, bespoke structuring, and real credit underwriting to businesses the traditional system cannot serve. Warehouse facilities have funded mortgage and auto lenders for decades. We applied that model to Galaxy's book with the same discipline: BTC and ETH collateral including staked variants, qualified custody at Anchorage Digital and BitGo, fully funded, terms of two years or less, committed in USDS. At full deployment, this facility deepens a relationship that started with Grove anchoring $50M of Galaxy's tokenized crypto backed CLO. Structured to the originator's needs at every step. If you are building a crypto or stablecoin native business and need institutional scale capital from a partner that deeply understands onchain finance and credit structuring, @grovedotfinance is here for you.

Grove and Galaxy Digital Announce $500 Million Warehouse Lending Facility Grove serves as the warehouse lender, financing @galaxyhq's origination of institutional loans secured by digital assets.

Co-founder and Partner @adcv_ at @SteakhouseFi sees the stablecoin economy as a generational shift. Today, exchanges and fintechs are the best positioned distribution partners because they are used to innovation. Robinhood’s launch of Robinhood Chain with Robinhood Earn, using Steakhouse-curated Morpho vaults, exemplifies this. Meanwhile, Coinbase moves into tokenized equities. Both are converging from opposite sides of finance. One bringing TradFi users to onchain yield, the other bringing crypto natives to stocks. Adrian expects this convergence to force 24/7 trading and further integrate blockchain rails into traditional brokerage.

Robinhood Earn, powered by Morpho Millions of eligible @RobinhoodApp users can now earn onchain yield from a Morpho Vault curated by @SteakhouseFi via noncustodial wallets. This is how we bring the benefits of onchain finance to the world.

Robinhood Charts a New Course Onchain 🪶 @RobinhoodApp has announced the launch of Robinhood Chain. Launching alongside the chain is Robinhood Earn, enabling eligible users to access a variable yield from onchain lending markets. Curated by Steakhouse. Powered by @Morpho.

Thank you to everyone who attended the relaunch of Scottish Banking: A History, 1695-1973. Checkland's work has been a reference point for Steakhouse, and reviving it is our way to pay homage to the author while also contributing to the ecosystem with something we believe to be the closest thing we have found to a field manual for what we do. To the Checkland family: thank you for trusting us with his work, and for being part of the evening. To everyone who came: thank you for the interest.

The @MetaMask Money Account is live. Users can now earn on their stablecoins directly inside MetaMask, through Steakhouse-curated vaults. Curated by Steakhouse. Powered by @Morpho. Vault infrastructure by @veda_labs. Built on @monad.