Ladder

FX treasury on Morpho Midnight

Pool idle pre-positioned USDC Track the share per legal entity Lock a real rate when a borrower takes the other side

Product

FX treasury Entity share ledger

Ladder · idle FX float, still on the right books

Ladder is how a multi-entity FX treasury puts idle, pre-positioned USDC to work on Morpho Midnight — pooled so it can earn, with a share ledger so Singapore, the UK, and the rest stay on their own books.

Entity deposits → SeriesVault Earn while waiting → Vault V2 Lock → Midnight Recall or redeem that book
Ladder intro $100B TPV case Product overview Earn while you wait Walkthrough

Ladder

FX treasury · Per-entity shares

Financial Engineering

FX Case Studies

Meridian · stablecoin FX treasury on Midnight

Education

Background on vault mechanics and Morpho protocol layers.

Vault Primitives

Morpho Vault & Blue

Morpho Midnight