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Customer stories

Markets for real assets, real distribution, and real liquidity.

Teams use Euler to launch curated markets around tokenized Treasuries, tokenized equities, stablecoins, and embedded yield products. These examples show how Euler's vault architecture supports new collateral types without forcing every market into the same risk model.

Featured case

Distribution layer

Embedded yield access

DeFi Earn inside Kraken

Kraken's DeFi Earn lets users access yield through Sentora vaults allocating to Euler without leaving Kraken.

Case index

Market patterns

Institutional RWA collateral

Tokenized Treasuries as collateral

VBILL went live in a KPK-curated Euler market through Securitize, using onchain eligibility and transfer rules for tokenized Treasury exposure.

Tokenized stocks and ETFs

xStocks collateral markets

Wrapped SPYx and STRCx became available as collateral in an Euler vault with AUSD, bringing tokenized stocks and ETFs into curated lending markets.

Index exposure

S&P 500 exposure onchain

Centrifuge's deSPXA launched on Euler in a Clearstar-curated market, adding round-the-clock onchain access to S&P 500 exposure.

Liquidity without selling

Borrow against tokenized equities

Tokenized equities can be supplied on Euler and used as collateral to borrow stablecoin liquidity while keeping market exposure.

Stablecoin market growth

PYUSD market at scale

Sentora's PayPal USD market on Euler passed $500M supplied, showing demand for curated stablecoin liquidity in the Euler app.