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via The Block · By The Block Editorial

Morpho raises $175M in round co-led by Paradigm, a16z crypto and Ribbit Capital to build 'open credit network'

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The Block Editorial
(12:47 PM UTC)
1 min read
DK
Approved byDavid Kim
812 views
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Morpho, the onchain lending protocol, has raised $175 million in a funding round co-led by Paradigm, a16z crypto, and Ribbit Capital to build what the company calls the "open credit network for the world," the Morpho Association announced Tuesday.

The round valued the protocol at up to $2 billion, Fortune first reported, and drew additional participation from Apollo Funds, Circle Ventures…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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The Block Editorial · The Block

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