On June 9, lending protocol Morpho announced it has successfully raised $175 million in a funding round spearheaded by Paradigm, a16z crypto, and Ribbit Capital. This significant investment comes as the platform reports over $11 billion in deposits, with notable institutional clients such as Galaxy, Anchorage Digital, and Bitwise among its users.
The newly acquired funds are earmarked for strengthening Morpho's infrastructure, particularly in the realms of institutional lending and programmable credit products.
