Morpho Raises $175M at $2B Valuation to Expand DeFi Lending into Institutional Finance
By
Emmanuel Musa
A baker's-dozen of insight crammed into one ring.
Summary
Morpho, a decentralized lending protocol, has raised $175 million in a funding round led by Paradigm, a16z Crypto, and Ribbit Capital, achieving a $2 billion valuation. The company is expanding from crypto-native markets into institutional finance, with its Total Value Locked (TVL) reaching $6.6 billion. Additional participants include Apollo Funds, Circle Ventures, and VanEck.
Key quotes
· 3 pulledMorpho has raised $175 million in a funding round led by Paradigm, A16z Crypto, and Ribbit Capital.
The DeFi lending protocol is now valued at about $2 billion as it expands from crypto-native markets into institutional finance.
Morpho Targets Institutional Finance as TVL Hits $6.6B
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