Morpho, a crypto lending protocol, raises $175 million in a funding round to advance its goal of becoming foundational infrastructure for onchain credit markets. The round is led by Paradigm and includes participation from a16z Crypto and Ribbit Capital, according to the reporting. The companies describe Morpho’s effort as building an “open credit network,” which is intended to connect decentralized finance with traditional finance and global credit markets. While the sources focus on the strategic objective and backers, they frame the investment as support for Morpho’s work to expand and scale lending functionality onchain and improve how credit can be accessed across different markets. The reporting emphasizes the size of the round and the intent to move broader parts of credit infrastructure onto public or blockchain-based systems, though specific technical details, timelines, and regulatory or deployment plans are not provided in the excerpts. Overall, both outlets describe the same financing amount, the same leading investors, and the same stated direction toward an open, interoperable credit network.