[Crypto Financial Infrastructure Company Morpho Completes $175 Million Financing, Led by a16z Crypto and Paradigm] According to *Fortune*, DeFi lending protocol Morpho announced the completion of a $175 million financing round, led by a16z Crypto, Paradigm, and Ribbit Capital, with participation from Apollo Funds, Circle Ventures, VanEck, and others. This investment was priced based on the average price of Morpho tokens over the past month, with a valuation reaching up to approximately $2 billion. Morpho allows institutions to customize on-chain lending markets and risk parameters, and has already attracted usage from Coinbase, Kraken, Anchorage Digital, Galaxy Digital, and others.