Morpho secured $175 million from Paradigm, a16z crypto and Ribbit as the lending protocol seeks to become foundational infrastructure for on-chain credit markets.

Morpho’s founders want to bring DeFi mainstream.

Morpho raises $175M at a $2B valuation led by Paradigm, a16z Crypto, and Ribbit Capital. Apollo Funds and VanEck join as DeFi lending infrastructure draws institutional capital.