Apollo, Bpifrance, SBI part of $175m fundraise for DeFi lending protocol Morpho
Morpho Association, which supports the Morpho DeFi lending protocol, has raised $175 million in a round co-led by Paradigm, a16z crypto and Ribbit Capital.
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Morpho holds about $11 billion in deposits and underpins lending products at Coinbase and Kraken; Apollo separately agreed in February to buy up to 90 million MORPHO tokens, roughly 9% of supply.
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