JPATrader

We’ve just raised $175M in a round co-led by @paradigm, @a16zcrypto, and @RibbitCapital. And this is the largest raise in DeFi history. The current financial system is broken. Access to capital still depends on where you live, who you know, and which intermediaries are willing to trust you. The only way to fix that is to build a new infrastructure, and that’s @Morpho. Moving trillions to a completely new infrastructure requires an enormous amount of energy, conviction, and resources. This is why we raised. This moment also lets us take a step back and appreciate Morpho's growth throughout the years, from a project started by four students to being integrated with the world's leading financial institutions. I’m incredibly proud of the way we scaled: consciously, staying aligned as co-founders (perhaps not on whether butter should have salt in it or not, but that's another story), 100% focused on Morpho and nothing else, and growing the Morpho team into one of the best (if not the best!) and most principled teams building in DeFi. In the months ahead, a big part of the work will be bringing Morpho to more teams and institutions: better integrations, better onboarding, better support, and a stronger go-to-market overall. If we do our job well, the long-term outcome is clear: Morpho becomes the open credit network for the world, embedded into every financial institution, and changing the financial system for the better. 🦋

An estimated 50,000 attendees are taking part in Tommy Robinson's Unite The Kingdom protest, which will see swathes of people march from near the Strand to Parliament Square. Sky correspondent @Chesh reports from the scene trib.al/oFbThj6 📺 Sky 501, Virgin 602