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Cryptocurrency Lending Firm Morpho Secures $50 million Funding

Cryptocurrency lending protocol Morpho has raised $50 million in a strategic funding round led by Ribbit Capital, an early investor in fintech companies such as Robinhood, Revolut and Coinbase. Also participating in the private token sale are a16z crypto, Coinbase Ventures, Variant, Pantera, Brevan Howard, BlockTower and Kraken Ventures.