Morpho Raises $175M at $2B Valuation From Paradigm and A16z Crypto

MORPHO2.17%
According to Fortune, Morpho raised $175 million at a $2 billion valuation on June 9, with backing from Paradigm, A16z Crypto, and Ribbit Capital. The DeFi lending protocol's current total value locked stands at $6.6 billion, with major institutional users including Coinbase, Kraken, Anchorage Digital, and Galaxy Digital.
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