A16z, Paradigm Invest $175M in Onchain Credit

Venture capital firms Andreessen Horowitz (a16z) and Paradigm have spearheaded a $175 million funding round for Morpho, a decentralized finance (DeFi) lending protocol. This significant investment underscores a growing trend towards bringing traditional financial instruments, specifically credit markets, onto blockchain technology. Morpho aims to establish itself as essential infrastructure for these emerging on-chain credit systems, potentially revolutionizing how global credit is accessed and managed by leveraging the transparency and efficiency of distributed ledger technology.