.jpg)
Morpho raises US$175 million in funding round
11 June 2026 France, US
Image: natrot/stock.adobe.com
Morpho, a blockchain-based credit network, has raised US$175 million in a funding round, co-led by Paradigm, a16z crypto, and Ribbit, crypto venture capital companies, with strategic participation from Apollo Funds, Circle Ventures, VanEck, and Ledger Cathay.
Variant, Wintermute Venture, Prelude, IOSG, Hashkay, Mirana, NJJ Capital, SBI Group, Bpifrance, Bam Aziz, and over 10 other firms also took part in the round.
Morpho says the financing comes at a time when the broader financial system is moving increasingly onchain, generating demand for programmable credit rails that can support digital asset lending and borrowing products at institutional scale.
The firm’s current institutional client base includes Bitwise, Galaxy, and Anchorage Digital, in addition to crypto exchanges Coinbase, Kraken, and Binance.
Morpho intends to offer banks, asset managers, and fintechs a backend that unifies them on a single, shared, open network.
Speaking on the funding round, Frankie, general partner at Paradigm, says: “In the years to come, every bank, asset manager, and pension fund will want exposure to onchain credit markets.
“Morpho’s open infrastructure is laying the foundation for global finance to move onchain by transforming siloed lending products into a single connected market.”
Guy Wuollet, general partner at a16z crypto, adds: “We’re proud to continue to back Morpho as they deliver on the promise of providing more efficient and accessible credit for anyone who needs it.”
Gabe Mennesson, partner at Ribbit Capital, believes: “Lending is the largest profit pool in financial services, yet much of its infrastructure remains fragmented, opaque, and inefficient. Morpho is the most ambitious effort we’ve seen to rebuild the credit stack from first principles.”
The latest round is Morpho’s fourth institutional fundraise since 2021.
Variant, Wintermute Venture, Prelude, IOSG, Hashkay, Mirana, NJJ Capital, SBI Group, Bpifrance, Bam Aziz, and over 10 other firms also took part in the round.
Morpho says the financing comes at a time when the broader financial system is moving increasingly onchain, generating demand for programmable credit rails that can support digital asset lending and borrowing products at institutional scale.
The firm’s current institutional client base includes Bitwise, Galaxy, and Anchorage Digital, in addition to crypto exchanges Coinbase, Kraken, and Binance.
Morpho intends to offer banks, asset managers, and fintechs a backend that unifies them on a single, shared, open network.
Speaking on the funding round, Frankie, general partner at Paradigm, says: “In the years to come, every bank, asset manager, and pension fund will want exposure to onchain credit markets.
“Morpho’s open infrastructure is laying the foundation for global finance to move onchain by transforming siloed lending products into a single connected market.”
Guy Wuollet, general partner at a16z crypto, adds: “We’re proud to continue to back Morpho as they deliver on the promise of providing more efficient and accessible credit for anyone who needs it.”
Gabe Mennesson, partner at Ribbit Capital, believes: “Lending is the largest profit pool in financial services, yet much of its infrastructure remains fragmented, opaque, and inefficient. Morpho is the most ambitious effort we’ve seen to rebuild the credit stack from first principles.”
The latest round is Morpho’s fourth institutional fundraise since 2021.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one digital assets news source this year, make sure it is your free subscription to The Digital Assets Edge
100% ON RETURNS If you invest in only one digital assets news source this year, make sure it is your free subscription to The Digital Assets Edge
