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Morpho raises $175M to expand its open credit network in DeFi, backed by major finance firms.

Market News
09 Jun 2026, 15:32 WIB
Crypto news
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Bullish
Morpho raises $175M to expand its open credit network in DeFi, backed by major finance firms.

Morpho Association secured $175 million in one of the largest funding rounds in decentralized finance, led by Paradigm, a16z Crypto, and Ribbit Capital. The funding will support the expansion of Morpho's open credit network, which connects capital providers and borrowers through blockchain infrastructure. Major firms like Coinbase, Kraken, and Galaxy already use Morpho's platform for lending and yield products. The capital will help deepen institutional integrations and broaden the network's reach beyond crypto-native markets.

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