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Rise of crypto vaults channels billions of dollars into risky lending

Photo: Natalia Campos/Getty Images

New vehicle in which ‘curators’ act like fund managers has attracted the attention of regulators.

19 October, 2026 by Nikou Asgari

A new way of lending digital tokens is channelling billions of dollars’ worth of coins into a risky corner of the crypto market and attracting the attention of US and European regulators, who believe it may require closer supervision.

More than $10bn has been

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