Morpho Secures $175 Million to Enhance Onchain Lending Infrastructure
- Blockchain lending protocol Morpho raised $175 million in a funding round co-led by Paradigm, a16z crypto, and Ribbit Capital.
- The funding round included participation from Apollo Funds, Circle Ventures, VanEck, and Ledger Cathay.
- Morpho’s open credit network has over $11 billion in deposits and serves institutional clients like Bitwise, Galaxy, and Anchorage Digital.
- The protocol aims to unify fragmented lending markets and support programmable credit products at scale.
- Funds will be used to develop institutional lending infrastructure for enhanced onchain financial services.
This significant investment reflects growing interest from traditional financial institutions in blockchain-based solutions for credit markets. Morpho positions itself as an infrastructure provider rather than a replacement for traditional finance.
With over $11 billion in deposits, Morpho is set to enhance its offerings in programmable credit products using the newly raised funds. (Source)
