Morpho Association Secures $175 Million for Onchain Credit Expansion

Morpho Association has raised $175 million in a funding round that marks one of the largest decentralized finance (DeFi) investments to date. The raise values the protocol at up to $2 billion, according to Fortune.

The funding will be used to expand Morpho's onchain credit infrastructure, which allows markets to be created with specific collateral assets, loan assets, oracles, and liquidation parameters. This structure has made Morpho a major piece of onchain lending infrastructure across Ethereum, Base, and other networks.

Morpho's modular credit network is being used by exchanges, fintech apps, and institutional desks to build programmable lending products. The protocol has already been integrated with several major players in the space, including Coinbase, Kraken, Binance, and Bitwise.