Paradigm co-leads $175M Morpho Series B alongside a16z crypto and Ribbit Capital to build 'open credit network'
Paradigm's co-lead on Morpho's record DeFi round reinforces the firm's sustained bet on decentralized credit infrastructure; Morpho now holds $11B+ in deposits and is positioning as the institutional alternative to Aave.
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Related moves
Polychain Capital participates in $355M Digital Asset raise led by a16z crypto for Canton Network
Polychain joining a TradFi-heavy syndicate for Canton equity (not tokens) marks a tactical shift toward permissioned institutional infrastructure, consistent with its stated 2026 focus on AI-blockchain convergence and modular infrastructure.
Polychain Capital participates in Digital Asset's $355M a16z-led round for Canton Network
Polychain's equity participation alongside TradFi heavyweights (HSBC, BNP Paribas, CME Ventures) in a permissioned enterprise blockchain round marks a notable pivot from its typical open-protocol investments.
Coinbase Ventures participates in $355M Digital Asset raise for Canton Network alongside a16z and TradFi majors
Coinbase Ventures' presence in the Canton round alongside its own exchange infrastructure (Base, cbBTC) suggests a strategic alignment: backing the rails that could route institutional settlement flows back through Coinbase-adjacent products.
a16z crypto leads $355M round for Canton Network developer Digital Asset at ~$2B valuation
a16z anchored a $355M institutional-heavy round for Digital Asset, committing $100M of its own capital — its largest single disclosed check of 2026 — underscoring a clear thesis shift toward permissioned-but-public blockchain rails for capital markets.