Crypto-Native Asset Managers Quadruple Onchain Capital to $4 Billion

Crypto-native asset managers have surged from managing $1 billion to over $4 billion in onchain capital since January 2025, signaling their growing influence in decentralized finance. Firms like Re7, Gauntlet, and Steakhouse Financial are at the forefront, deploying capital across diverse DeFi opportunities while advancing risk management and allocation strategies.

The Morpho Protocol now hosts nearly $2 billion of professionally managed capital, reflecting rising institutional interest in DeFi-native structures. Gauntlet leads with 31% market share, followed by Steakhouse Financial (27%), Re7 (23%), and MEV Capital (15.4%). This competitive landscape underscores the maturation of specialized crypto asset management.

Institutional perceptions of DeFi are shifting from an unregulated frontier to a programmable financial layer. Platforms like Euler, Morpho, and AAVE are developing permissioned markets to meet institutional standards, creating controlled access points for traditional finance participants.