Morpho secured $175 million from Paradigm, a16z crypto and Ribbit as the lending protocol seeks to become foundational infrastructure for onchain credit markets. Morpho raised $175 million in a funding round co-led by Paradigm, a16z crypto and Ribbit Capital. The protocol has more than $11 billion in deposits and is used by institutions including Galaxy, Anchorage Digital and Bitwise. Investors are betting that blockchain-based credit infrastructure could eventually be adopted by banks, asset m…
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