Morpho Labs Raises $175M to Enhance Onchain Credit Infrastructure
- Morpho Labs raised $175 million in a funding round led by Paradigm, a16z crypto, and Ribbit Capital.
- The company aims to establish itself as a credit infrastructure layer for banks, asset managers, and fintechs.
- Morpho has a total value locked (TVL) of $6.72 billion and approximately $3.47 billion in active loans.
- Coinbase utilized Morpho’s smart contracts to issue over $2.17 billion in corporate USDC loans.
- Capital allocated to late-stage crypto funding surged by over 1,020% year-over-year in Q1.
Investors are increasingly focusing on stablecoin and credit infrastructure rather than solely on DeFi lending solutions, as evidenced by Morpho’s significant funding round aimed at enhancing onchain credit markets.
With a TVL of $6.72 billion, Morpho’s latest raise highlights the growing interest in blockchain-based lending systems among institutional players (Source).
