Morpho announced a $175 million funding round on June 10, 2026, co-led by Paradigm and a16z, valuing the protocol near $2 billion. Major firms like Apollo and Coinbase Ventures are buying tokens, betting on Morpho as institutional infrastructure. The funding round was co-led by Paradigm, a16z crypto, and Ribbit, with strategic participation from Apollo Funds, Circle Ventures, VanEck and Ledger Cathay. The round also included participation from Variant, Wintermute Ventures, Prelude, IOSG, Hashkey, Mirana, NJJ Capital, SBI Group, Bpifrance, Bam Azizi, and 10+ other strategic partners.