#a16z crypto

Ethereum DeFi Protocol That Just Raised $175 Million From a16z And Paradigm Has A Bold Message For Wall Street

Morpho, a decentralized lending protocol operating on Ethereum, HyperEVM, and other blockchains currently holding $6.6 billion in total value locked, has raised $175 million in a funding round led by Paradigm, Ribbit Capital, and Andreessen Horowitz’s digital assets arm a16z crypto — valuing the protocol at up to $2 billion and positioning it for an eventual public debut as its founders set their sights on bringing Wall Street’s most traditional institutions into DeFi, according to Fortune’s report published June 9. Related Reading: The XRP Dream Has Changed: Why A Rally To $10 Could Happen Despite Disappointment The round also drew participation from Apollo Funds, Circle’s venture unit, and VanEck — a coalition of backers that spans crypto-native venture capital, traditional asset management, and institutional finance simultaneously. The investment was structured in cryptocurrency and priced at the token’s average monthly price, with the exact cost varying by when participants contrib

Jun 9, 12:56 PM

Crypto Newsbanks asset managers defi paradigm

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.

Jun 9, 12:32 PM

The Defiantdefi paradigm apollo funds vaneck

Morpho Raises $175M in One of DeFi's Largest-Ever Funding Rounds

Morpho Association has raised $175 million in a round co-led by Paradigm, a16z Crypto, and Ribbit Capital, with Apollo Funds and VanEck among the strategic participants. The round, which values Morpho at $2 billion, is among the largest fundraises in DeFi history.

Jun 9, 12:02 PM