The bank initiated coverage of Morpho with a $60 end-2030 price target, saying its DeFi lending and onchain infrastructure businesses are positioned to benefit from tokenization growth. Standard Chartered said Morpho combines a DeFi lending protocol with infrastructure powering onchain banks and asset managers. The bank expects Morpho's assets to grow in line with its forecast for a 37x expansion in DeFi assets by 2030. It initiated coverage of Morpho with a $60 end-2030 price target, impl…
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