A16z, Paradigm lead $175 million bet to move global credit markets onchain
The blockchain lending protocol Morpho has raised $175 million in a funding round led by Paradigm, a16z crypto, and Ribbit Capital. The company aims to build infrastructure that integrates traditional financial institutions with onchain credit markets.
Why it matters
This significant investment signals growing institutional confidence in the potential for blockchain technology to modernize and unify global credit markets.
Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email A16z, Paradigm lead $175 million bet to move global credit markets onchain Morpho secured $175 million from Paradigm, a16z crypto and Ribbit as the lending protocol seeks to become foundational infrastructure for onchain credit markets. By Jamie Crawley , AI Boost | Edited by Sheldon Reback Jun 9, 2026, 2:07 p.m. 1 min read Make preferred on (Shutterstock) What to know : Morpho raised $175 million in a funding round co-led by Paradigm, a16z crypto and Ribbit Capital. The protocol has more than $11 billion in deposits and is used by institutions including Galaxy, Anchorage Digital and Bitwise. Investors are betting that blockchain-based credit infrastructure could eventually be adopted by banks, asset managers and pension funds. Blockchain-based lending protocol Morpho said it raised $175 million in a funding round co-led by Paradigm, a16z crypto and Ribbit Capital, as investors bet that credit markets will increasingly move onchain.
The article reports on a business transaction using industry-standard terminology without taking a stance on the viability of crypto.
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