The funding round, disclosed in Morpho’s latest Morpho Effect update, also included participation from Apollo Funds as the lending protocol expands its backing.
Morpho said the Morpho Association raised $175 million in a funding round led by Paradigm, a16z crypto and Ribbit Capital. Apollo Funds also participated, according to the project’s latest Morpho Effect update. The raise adds fresh capital behind Morpho, a crypto lending protocol, at a time when funding from major venture investors remains a closely watched signal for confidence in digital-asset infrastructure.