DeFi lender Morpho nears $2B valuation after raising $175M from top investors

Decentralized finance lender Morpho has raised $175 million in funding led by Paradigm and a16z crypto, pushing its valuation close to $2 billion. The platform, which holds around $6.6 billion in assets, serves major crypto exchanges and institutional digital asset firms. Morpho enables users to create customized lending markets with better risk control, attracting growing interest from traditional financial institutions exploring blockchain services. Founded in 2021, Morpho is focusing on expanding institutional participation as banks and asset managers integrate DeFi products into their strategies.