DeFi Lending Protocol Morpho Raises $175 Million at $2 Billion Valuation in Round Led by Paradigm, a16z Crypto, and Ribbit Capital
Morpho, an onchain lending protocol, has secured $175 million in funding co-led by Paradigm, a16z crypto, and Ribbit Capital, with participation from Apollo Funds and VanEck. The round values the protocol at approximately $2 billion and will support technical development and integrations with traditional financial institutions.