Morpho Labs Raises $175 Million Led by Paradigm to Expand Credit Infrastructure

Morpho Labs raised $175 million in a funding round led by Paradigm, with participation from a16z crypto and Ribbit Capital. According to NS3.AI, Spark CEO Sam MacPherson said investors are increasingly backing stablecoin and credit infrastructure rather than decentralized finance (DeFi) lending alone. Morpho said it aims to become a credit infrastructure layer for banks, asset managers, and fintech companies.