Morpho, french open blockchain-based SPECIALTY FINANCE credit network, has raised  $175 million round, which was co-led by Paradigm, Andreessen Horowitz crypto, and Ribbit Capital, with participation from Apollo Funds, Circle Ventures, VanEck, Ledger Cathay, Variant, Wintermute Ventures, SBI Group, Bpifrance, and more than 10 other strategic backers, is one of the largest fundraises in decentralized finance to date, valuing the protocol at up to $2 billion. The blockchain-based open credit network has crossed $11 billion in deposits and is already used by Coinbase, Kraken, Binance, Bitwise, Galaxy, and Anchorage Digital as institutional lending infrastructure. The capital will fund deeper integration with banks, fintechs, and asset managers, positioning Morpho as the programmable credit layer beneath a global credit market that Ribbit Capital’s Gabe Mennesson called the largest profit pool in financial services.

Morpho Lands $175m to Expand Blockchain Credit Infrastructure