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Crypto Lending Protocol Morpho Raises $175 Million to Aid Wall Street’s DeFi Push

Crypto Lending Protocol Morpho Raises $175 Million to Aid Wall Street’s DeFi Push

In brief

  • Decentralized lending platform Morpho has secured $175 million in its latest funding round, highlighting the rise of curated lending vaults.
  • The platform has been adopted by industry giants like Coinbase and Binance, along with French banking giant Société Générale.
  • The raise signals persistent demand for DeFi infrastructure, despite an uptick in multi-million dollar exploits this year.

Decentralized lending protocol Morpho has secured $175 million in new funding, highlighting persistent demand for DeFi infrastructure despite a series of recent setbacks for the sector.

The platform, which allows anyone to create isolated lending markets, billed the raise as one of the largest-ever funding rounds for a DeFi platform in a…

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