Morpho (MORPHO)

This is so disingenuous lol. Morpho is really well built. Its simplicity is its strength. My concern w.r.t. the raise was a possible dual token-equity structure that would make the token uninvestable. But this may not be the case. Other than that, its gud tek.

Since yesterday, dozens of messages - including from @TheBigWhale_ clients - asking the same thing: what is Morpho, and why does this fundraise matter? I talked about it this afternoon on TV @BfmCrypto. Here is the short version. @Morpho is a lending and borrowing protocol. Not a side experiment. Core finance - the kind that has existed for centuries, now rebuilt on-chain. 60 people, mostly in France. Over $11B in deposits. The highest-valued French unicorn per employee at $26M - ahead of @MistralAI at $17M But the number that matters most is not the valuation. It's how they got there. Morpho has no shares. No equity. The company is valued entirely through its token. That is not a detail - it is a fundamental shift in how financial infrastructure gets built. Europe is ahead. Not catching up. Ahead. Morpho is proof that the continent is producing world-class financial protocols that set the standard globally. We should be louder about that. We cover these topics in depth at TBW - in our reports, with our team and @BukovskiBuko3, @gregory_raymond, and in the conversations we have with institutions across Paris, London and beyond. Book a call if you want to go deeper: https://t.co/A7il3ZAGa5 In the meantime, we'll be in New York on June 22 with Morpho, @MorganStanley, @tradeon21x and @FireblocksHQ: https://t.co/suwEbnwoc7 See you there 🇺🇸

$MORPHO Update 1️⃣ First Terminal signal: 1.9282 ✅ SL never touched As momentum improved, the Terminal issued a second BUY signal at 1.9974. Now trading above 2.16. The first signal caught the move. The second signal confirmed it. That's the power of trend validation. ⚡ https://t.co/XOmWptfUra

$MORPHO just raised $175 million at a $2 billion valuation This morning, when I woke up market cap was: 1.1bn FDV was: 1.75bn There are free trades even in the shittiest market possible. https://t.co/8Pw4UfO3Vn

Took the time to think about it deeper: Ultimately, it's VCs buying 175M worth of tokens at market value. Which is quite rare considering current market conditions for crypto. There's no dual structure shenanigans here. @Morpho team is still aligned their token holders. Market buys would have obviously been better for them, but that's not money serving as fuel future growth and global expansion. I think this is bullish for everyone, I just wish the team was more transparent and had an open discussion with the DAO that owned these tokens prior to this OTC deal.

💰 $175 million. Paradigm. a16z. Ribbit Capital. Apollo. VanEck. Circle. That's the Morpho cap table now. $11B in deposits. $2B valuation. And the thesis? Every bank and pension fund will want onchain credit exposure. https://t.co/q0DgjShC3m

💰 $175 million. Paradigm. a16z. Ribbit Capital. Apollo. VanEck. Circle. That's the Morpho cap table now. $11B in deposits. $2B valuation. And the thesis? Every bank and pension fund will want onchain credit exposure. https://t.co/JKT36kdtS0

gDeFi,,, @Morpho just raised $175M - one of the largest raises the sector has ever seen. Co-led by @paradigm , @a16zcrypto & @RibbitCapital , with strategic participation from @Apollo , @circle , @VanEck , and more. Post-money valuation approaching $2B. what stands out most is that the amount isn't the most interesting part. what's interesting is where smart capital continues to place its bets when the noise fades. Not another consumer app, not another short-lived narrative, but credit infrastructure. everyone talks about stablecoins and RWAs, but neither reaches its full potential without a credit layer underneath. Capital needs to be deployed, assets need financing, and institutions need borrowing and lending markets. That's exactly where @Morpho is positioning itself. The protocol already secures more than $11B in deposits with integrations across @Coinbase, @Binance, @Fireblocks, @Kraken, #Société Générale Forge and others. At this point, the discussion is no longer about product-market fit, but about scale. a bigger picture is that the global credit market is worth roughly ~$200T , while onchain credit remains tiny by comparison. If even a small fraction of future credit activity moves onchain, the largest winners may not be the applications attracting attention, but infrastructure quietly powering them. I've said before that if institutions continue bringing real capital onchain, $Morpho is one of the highest-conviction infrastructure bets in #DeFi. Yesterday's raise didn't change that thesis. It reinforced it.