Standard Chartered initiates Morpho coverage with $60 price target by 2030

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Standard Chartered has initiated coverage of Morpho, a decentralized finance protocol, setting a price target of $60 by the end of 2030. The bank views Morpho's DeFi lending and onchain infrastructure businesses as well-positioned for future growth. Standard Chartered highlighted the expanding tokenization trend as a key driver expected to benefit Morpho's operations. The initiation signals growing institutional interest in DeFi infrastructure as a serious investment category.

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