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sumaiya

06/09 17:32

DeFi lender Morpho nears $2B valuation after $175M

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DeFi lender Morpho nears $2B valuation after $175M raise led by Paradigm and a16zDecentralized lending platform Morpho has secured $175 million in fresh funding from investors including Paradigm, Ribbit Capital, and a16z crypto, giving the protocol a valuation of up to $2 billion. The round also attracted participation from Apollo Funds, Circle Ventures, and VanEck, Fortune reported Tuesday. Advertisement The investment highlights rising interest in DeFi infrastructure as traditional financial institutions continue to explore blockchain-based financial services. Morpho allows users to build customized lending markets, giving participants greater control over risk management and lending conditions.
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