Morpho raises $175M in funding
Morpho’s total value locked and active loans have climbed sharply since late 2024. The firm’s protocol is being used as lending infrastructure rather than solely as a retail DeFi platform.
The trend extends beyond crypto-native lending, with exchanges, custodians, and asset managers evaluating blockchain-based lending systems. Morpho’s raise of $175M is intended to expand integrations with banks, asset managers, and large platforms.
The funding round is considered the largest in DeFi history, with $2.17 billion in corporate USDC loans originated through Morpho smart contracts.