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Morpho Completes $175M Funding Round Led by a16z Crypto and Paradigm, Valued at ~$2B

2026-06-09 11:47:54

According to Fortune, DeFi lending protocol Morpho completed a $175 million funding round on June 9, led by a16z crypto, Paradigm, and Ribbit Capital, with Apollo Funds, Circle Ventures, and VanEck among participants. The round valued Morpho at approximately $2 billion based on the project's token price averaged over the past month.

Morpho enables institutions to customize lending markets and risk parameters on-chain and counts Coinbase, Kraken, Anchorage Digital, and Galaxy Digital as users. The protocol currently holds approximately $6.6 billion in total value locked.

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