Morpho raises $175M at $2B valuation for institutional DeFi push
Morpho raises $175M from Paradigm, a16z Crypto and Ribbit as the DeFi platform expands its open credit network for banks and asset managers.
Bitcoinist·
RippleX Developers said formal verification work on the XRP Ledger is moving from the long-running Payment Engine to newer native DeFi protocols, including Single Asset Vault and the upcoming Lending Protocol, marking a shift toward proving protocol correctness before high-stakes features are shipped. In a June 8 post, Vito Tumas, writing for RippleX Developers, said […]
Read full articleMorpho raises $175M from Paradigm, a16z Crypto and Ribbit as the DeFi platform expands its open credit network for banks and asset managers.
XRP price has fallen toward the $1.15 area ahead of the XRPL’s June 15 upgrade, as weak momentum and a fresh weekly breakdown keep traders focused on whether the token can defend the $1 level. According to data from crypto.news,…
Morpho's funding surge underscores DeFi's growing appeal to traditional finance, potentially accelerating blockchain integration in banking. The post DeFi lender Morpho nears $2B valuation after $175M raise led by Paradigm and a16z appeared first on Crypto Briefing.
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