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Morpho raised $175 million in funding. One source reports the round valued the company at $2 billion. The other source confirms the $175M raise but does not mention the valuation.

Morpho raised $175 million in a funding round co-led by Paradigm, a16z crypto and Ribbit Capital. The lending protocol has over $11 billion in deposits and serves institutional clients including Galaxy, Anchorage Digital and Bitwise. Investors bet blockchain credit infrastructure will be adopted by banks and asset managers.
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