Morpho Raises $175M to Bridge DeFi with Traditional Finance
Morpho, a decentralized lending protocol, raised $175 million from Paradigm, a16z, and Ribbit Capital, valuing it at up to $2 billion. With $11 billion in deposits, it allows customized blockchain-based lending markets. The funding, one of DeFi’s largest, targets traditional financial institutions like Société Générale, aiming to become a shared credit layer for banks and fintechs, despite recent sector exploits.
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A16z, Paradigm and Ribbit Back Morpho in $175 Million Credit Market Round
Morpho Association has raised $175 million in one of DeFi's largest funding rounds, co-led by Paradigm, a16z crypto, and Ribbit Capital, with participation from Apollo Funds, Circle Ventures, VanEck, and others. The onchain credit protocol, which holds over $11 billion in deposits, aims to provide infrastructure for banks, asset managers, and fintechs to create programmable credit products. Morpho's platform is already used by major crypto firms including Bitwise, Galaxy, Anchorage Digital, Coinbase, Kraken, and Binance. The funds will deepen technical integrations and support the broader trend of tokenization and real-world asset adoption on blockchain. Morpho's native token (MORPHO) is trading at $1.82.
Yahoo FinanceA16z, Paradigm and Ribbit Back Morpho in $175 Million Credit Market Round
Morpho Association has raised $175 million in one of DeFi's largest funding rounds, co-led by Paradigm, a16z crypto, and Ribbit Capital, with participation from Apollo Funds, Circle Ventures, VanEck, and others. The onchain credit protocol, which holds over $11 billion in deposits, provides infrastructure for banks, asset managers, and fintechs to create programmable credit products. Its network is already used by major firms including Bitwise, Galaxy, Coinbase, Kraken, and Binance. Cofounder Paul Frambot stated the goal is to replace dated financial infrastructure with an open credit network. The funds will support deeper technical integrations and the development of programmable credit products, aligning with the broader trend of tokenization and real-world asset adoption in institutional finance. The Morpho token (MORPHO) is trading at $1.82.
Yahoo FinanceCrypto Lending Protocol Morpho Raises $175 Million to Aid Wall Street’s DeFi Push
Decentralized lending protocol Morpho has raised $175 million in a funding round co-led by Paradigm, Andreessen Horowitz (a16z), and Ribbit Capital, with strategic backing from Apollo Funds, Circle Ventures, and VanEck. The platform, which has $11 billion in user deposits, allows creation of isolated lending markets and curated lending vaults. Morpho is used by Coinbase and Binance for stablecoin interest and crypto-backed loans. The funding will support infrastructure development and commercial integrations. The raise comes despite recent DeFi exploits, including a liquidity crisis on Aave and a $285 million theft from Drift. French bank Societe Generale is already building on Morpho, which aims to become a shared credit layer for banks and fintechs.
Yahoo FinanceCrypto Lending Protocol Morpho Raises $175 Million to Aid Wall Street’s DeFi Push
Decentralized lending protocol Morpho has raised $175 million in a funding round co-led by Paradigm, Andreessen Horowitz (a16z), and Ribbit Capital, with strategic backing from Apollo Funds, Circle Ventures, and VanEck. The protocol, which has $11 billion in user deposits, allows anyone to create isolated lending markets and has been adopted by major exchanges like Coinbase and Binance for stablecoin interest and crypto-backed loans. The raise is one of the largest ever for a DeFi platform and comes despite recent sector setbacks including exploits at Aave and Drift. Morpho aims to become a shared credit layer for banks, asset managers, and fintechs, with French banking giant Société Générale already building on the platform. The funds will be used for infrastructure development and commercial integrations with strategic partners.
Yahoo FinanceMorpho raises $175 million from a16z, Paradigm, and Ribbit Capital to bridge DeFi with traditional finance
Morpho, a decentralized finance (DeFi) lending protocol, announced a $175 million funding round led by Paradigm, Ribbit Capital, and a16z crypto, valuing the protocol at up to $2 billion. Other investors included Apollo Funds, Circle's venture unit, and VanEck. Founded by 25-year-old Paul Frambot and three other French co-founders, Morpho allows users to create their own blockchain-based lending markets with customized risk parameters. The protocol has grown to $6.6 billion in assets, closing in on dominant rival Aave ($12.5 billion), especially after Aave suffered exposure to a $290 million hack in April 2026. Morpho is now targeting traditional financial institutions seeking higher yields in DeFi, signaling the growing convergence between crypto and Wall Street.
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