Morpho raises $175M from Paradigm and a16z to build institutional DeFi credit rails

DeFi protocol Morpho raised $175M from Paradigm, a16z Crypto, and Ribbit Capital to build on-chain credit infrastructure for banks and fintechs. The protocol already powers $2B+ in institutional USDC lending through Coinbase.

• Morpho raised $175M in a round led by Paradigm with a16z Crypto and Ribbit Capital participating
• The protocol has $6.7B in total value locked and $3.5B in outstanding loans, per DeFiLlama
• Morpho already powers over $2B in corporate USDC lending through Coinbase
• The funding signals VC shift from consumer DeFi apps to institutional-grade credit infrastructure
• Deep liquidity makes Morpho attractive to banks and asset managers building on-chain credit products

Coinporta summarises news for fast scanning. Full reporting belongs to the source.