Crypto-financial infrastructure company Morpho completes US$175 million in financing a16zCrypto, Paradigm leads the investment

According to Fortune, DeFi lending agreement Morpho completed US$175 million in financing at a valuation of US$2 billion, led by a16zcrypto, Paradigm and RibbitCapital, and ApolloFunds, CircleVentures, VanEck and others participated. Morpho allows institutions to customize lending markets and risk parameters on the chain, and has been used by Coinbase, Kraken, AnchorageDigital, Galaxy Digital, etc. The agreement, with a total lockdown of approximately US$6.6 billion, is accelerating competition with traditional DeFi lending agreements such as Aave, and plans to further expand to high-yield DeFi asset allocations sought by traditional financial institutions.