Paradigm co-leads $175M round in Morpho to build programmable onchain credit markets
Paradigm's co-lead alongside a16z in Morpho's largest raise to date reinforces its thesis on DeFi lending rails; blue-chip co-investors Apollo, Circle Ventures, and VanEck validate institutional demand for programmable credit.
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Manifold Markets co-founders spin out MNX to offer AI-economy perpetuals and prediction markets on MegaETH's sub-millisecond block times; the $40M valuation seed is modest but pedigree and novel batch-auction MEV-resistance design merit watching ahead of a planned summer mainnet.
Paradigm co-leads $175M Morpho funding round, marking its largest DeFi bet in the current cycle
Paradigm's co-lead on Morpho — its most prominent deal of 2026 so far — reinforces the firm's pivot toward onchain credit infrastructure as it simultaneously fundraises for a broader AI/frontier-tech fund.
a16z crypto co-leads $175M round into onchain lending protocol Morpho alongside Paradigm and Ribbit Capital
a16z's largest disclosed deal since closing its $2.2B Fund 5 signals strong conviction that institutional credit markets will migrate to blockchain rails via Morpho's open credit infrastructure.
a16z co-leads $175M round in DeFi lending protocol Morpho alongside Paradigm and Ribbit Capital
a16z's co-lead in Morpho's $175M round — valuing the protocol at ~$2B with $11B in deposits — signals continued conviction in onchain credit infrastructure as institutional DeFi adoption accelerates.