Morpho Labs Raises $175M, Highlighting Shift to Credit Infrastructure
- Morpho Labs raised $175 million in funding led by Paradigm, a16z crypto, and Ribbit Capital.
- The company’s total value locked (TVL) is $6.72 billion, with approximately $3.47 billion in active loans.
- Coinbase has utilized Morpho’s smart contracts for over $2.17 billion in corporate USDC loans.
- Capital for Series C and later-stage crypto funding surged by over 1,000% year-over-year.
- Egalite described the raise as “the largest in DeFi history,” reflecting growing investor interest in credit markets.
Investors are increasingly focusing on stablecoin and credit infrastructure as key components of the financial ecosystem, moving beyond traditional DeFi lending models. Morpho aims to position itself as a foundational layer for banks and fintechs looking to leverage blockchain-based lending solutions.
With a TVL of $6.72 billion and significant institutional engagement, Morpho’s recent funding underscores the shift towards integrating stablecoins and credit products into mainstream finance.
