Morpho Raises $175 Million Co-Led by Paradigm, A16z Crypto, and Ribbit Capital to Build ‘Open Credit Network’
The raise values Morpho at up to $2 billion as it targets traditional lenders seeking higher yields on blockchain markets.
- On Tuesday, Morpho announced it raised $175 million in a funding round led by Paradigm, Ribbit Capital, and Andreessen Horowitz's digital assets arm, a16z crypto. The investment values the decentralized finance protocol at up to $2 billion.
- Cofounder Paul Frambot designed the protocol as an open credit network allowing institutions and fintech firms to build lending products on blockchain rails. This addresses the need for decentralized alternatives to traditional lending infrastructure.
- With more than $11 billion in deposits, the network serves institutional clients including Galaxy, Anchorage Digital, Bitwise, Coinbase, and Kraken. Institutional adoption continues to accelerate, validating the protocol's market traction.
- Morpho plans to use the capital to develop institutional lending infrastructure, positioning itself as a partner to existing financial institutions. The company aims to unify fragmented lending markets and support programmable credit products at scale.
- Crypto startups are increasingly collaborating with traditional financial firms, as evidenced by this funding round. Recent activity, such as the New York Stock Exchange's parent company investing in OKX and BlackRock embracing digital assets ETFs, signals ongoing industry integration.
19 Articles
19 Articles
Morpho Raises $175 Million Co-Led by Paradigm, a16z Crypto, and Ribbit Capital to Build ‘Open Credit Network’
Morpho raised $175 million co-led by Paradigm, a16z crypto, and Ribbit Capital, with Apollo Funds, Circle Ventures, and VanEck participating, in one of DeFi's largest rounds; Fortune reported a $2 billion valuation.
Apollo and VanEck Just Backed a DeFi Protocol: Morpho's $175M Raise Is the Clearest TradFi Surrender Signal Yet
Morpho Association raised $175 million on June 9 in one of the largest funding rounds in DeFi history, at a $2 billion valuation. The round was co-led by Paradigm, a16z crypto, and Ribbit Capital. But the names that matter most are further down the participant list: Apollo Funds and VanEck. A $700 billion private credit giant and one of the oldest asset managers in America just wrote checks into a decentralized lending protocol. That is not a cr…
Morpho has just raised $175 million and confirms its change in size in the crypto. The French unicorn now wants to impose itself as one of the major infrastructures of the onchain credit. The article Crypto: Morpho realizes the second largest operation of the DeFi appeared first on Cointribune.
Morpho nears $2B valuation after $175M raise from Paradigm, a16z - The Blockopedia
Decentralized lending platform Morpho has completed a $175 million funding round, pushing its valuation toward roughly $2 billion. The investment round was led by Paradigm and a16z crypto, with participation from Ribbit Capital, Apollo Funds, Circle Ventures, and VanEck, according to a Fortune report on Tuesday. The fresh capital signals growing interest in decentralized finance […] The post Morpho nears $2B valuation after $175M raise from Para…
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