Blockchain lending protocol Morpho has raised $175 million in a funding round led by Paradigm, a16z crypto, and Ribbit Capital, showing growing investor confidence in onchain credit markets.
Other big investors like Apollo Funds, Circle Ventures, VanEck, and Ledger Cathay also joined. The money will help Morpho grow its institutional lending systems and create programmable credit products using blockchain.
Morpho runs an open credit network where financial institutions and fintechs can build lending products on blockchain. The platform holds over $11 billion in deposits and serves clients like asset managers, custodians, and major crypto exchanges.
Unlike many DeFi projects that try to replace traditional finance, Morpho aims to be infrastructure that connects with existing financial institutions.
The company believes blockchain can help bring together fragmented lending markets and make credit products more efficient, transparent, and programmable.
This funding round shows that traditional financial firms are more interested in tokenized assets, onchain settlements, and blockchain lending. Big institutions are looking at how blockchain can help move capital more efficiently and lower costs.
Morpho says the new funding will help it develop more institutional-grade lending products and speed up the adoption of blockchain-based credit markets.
Morpho Association has raised $175M to build the open credit network for the world.
Co-led by @paradigm, @a16zcrypto, @RibbitCapital with strategic participation from @apolloglobal, @vaneck_us, @circle_ventures, and @Ledger @Cathayinnov.
The round also included participation… pic.twitter.com/8dKI8V84CM
— Morpho 🦋 (@Morpho) June 9, 2026
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