Morpho just made history. The decentralized credit protocol has closed a $175 million funding round, the largest raise DeFi has ever seen and the investor lineup behind it reads like a who’s who of the most serious capital in both traditional and crypto finance. The round was co-led by Paradigm, a16z crypto, and Ribbit Capital, with strategic participation from Apollo Global, VanEck, Circle Ventures, Ledger, and Cathay Innovation. Additional participation came from Variant Fund, WMT Ventures, Prelude XYZ, IOSG Ventures, HashKey Capital, SBI Group, Bpifrance, Mirana, NJJ Capital, and more than ten other strategic partners. The announcement landed via Morpho’s
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