Morpho has closed a $175 million funding round, pushing its valuation to roughly $2 billion, the company said Wednesday. The round was led by Paradigm, A16z Crypto, and Ribbit Capital. The raise signals a shift for the decentralized lending protocol, which is now looking beyond its crypto-native roots and into institutional finance.
Morpho Raises $175M at $2B Valuation, Pushes Into Institutional Lending
