HODL1, a Japan-Based Public Ethereum-Focused Digital Asset Treasury Selects Gauntlet Vaults on Morpho to Generate Onchain Yield

This onchain deployment puts HODL1 treasury ETH to work through risk-adjusted yield strategies.

[TOKYO / NEW YORK, May 12, 2026]. HODL1, a Japan-listed public Ethereum-focused Digital Asset Treasury (DAT), today announced that it is planning to allocate a portion of its treasury ETH to Gauntlet vaults on Morpho to generate risk-adjusted onchain yield.

As a Japan-based ETH-focused treasury vehicle, HODL1's mandate is to grow the value of the ETH it holds on behalf of shareholders. Rather than leaving treasury ETH idle, Gauntlet vaults on Morpho let HODL1 put a portion of its holdings to work onchain through curated yield strategies, a direct expression of HODL1's mandate to maximize treasury efficiency while retaining self-custody.

Why HODL1 selected Gauntlet vaults on Morpho

HODL1 selected Gauntlet-curated Morpho vaults as its onchain yield solution for treasury ETH management. Morpho provides the permissionless lending infrastructure; Gauntlet, as vault curator, allocates supply across them using its quantitative risk models, and continuously rebalances for risk-adjusted yield. With eight years in DeFi and models safeguarding tens of billions of dollars onchain, Gauntlet has steered its vaults through every major stress event the industry has faced. That risk-first approach, combined with Morpho's transparent and self-custodial architecture that leaves HODL1 in full ownership of its assets, is what positioned Gauntlet vaults on Morpho as HODL1's venue of choice.

"Ethereum is evolving from a held asset into financial infrastructure that can be actively managed with controlled risk. Through our collaboration with Gauntlet, the global leader in DeFi risk management, we are bringing together the technical expertise cultivated through both our HODL and BUIDL operations to build an onchain-native asset management model from Asia. This is a direct embodiment of our mission as an 'Ethereum Company' — to expand the future of financial infrastructure.", said Kosuke Ito, Director and CTO at HODL1.

"HODL1 is a milestone for Gauntlet in APAC, and it reflects a broader shift: institutional ETH holders across the region are ready to move beyond passive holding and into risk-adjusted onchain yield," said Nicholas Cannon, Chief Business Officer of Gauntlet.

How it works

HODL1 supplies treasury ETH to Gauntlet-curated vaults on Morpho. Morpho provides the permissionless lending infrastructure. Gauntlet, as curator, creates the lending markets the vault allocates to, sets exposure caps, and continuously rebalances supply across markets to optimize risk-adjusted yield. HODL1 retains self-custodial control of its treasury ETH throughout; suppliers can withdraw at any time, and neither Gauntlet nor Morpho has the ability to move HODL1's funds.

Looking ahead

The allocation announced today is the starting point for a broader institutional relationship between HODL1 and Gauntlet on Morpho. Both teams expect to expand the scope of the partnership as HODL1's treasury grows and as the onchain yield landscape continues to develop.

About HODL1 Inc.

HODL1 is committed to expanding the Ethereum ecosystem through two pillars: its "HODL" business, focused on the long-term holding and management of Ethereum, and its "BUIDL" business, dedicated to the development and real-world implementation of blockchain technology — all under the mission of "expanding the future of financial infrastructure as an Ethereum Company."

About Gauntlet

Gauntlet equips investors, builders, and token issuers with data-driven strategies to confidently allocate over $1.5 billion onchain across 150+ fintech and institutional integrations. With eight years of cryptoeconomic research and analysis, Gauntlet builds protocol and yield optimization strategies working with leaders across the crypto ecosystem, including Coinbase, Morpho, Uniswap, Arbitrum, and NEAR. Gauntlet's models have safeguarded over $42 billion in digital assets across the crypto ecosystem, driving capital efficiency and mitigating risk. To learn more, visit gauntlet.xyz.

Contacts

HODL1 — Ryo Tanaka, [email protected]

Gauntlet — Simon Mathonnet, [email protected]