With BitGo custody in place, compliance is essentially solid, and the open credit network story is ready to start taking shape.

CoinWorldNews: Wu Says has learned that Morpho, an on-chain lending infrastructure, has released its progress for June 2026, stating that it has completed $175 million in financing. The round was led by Paradigm, a16z Crypto, and Ribbit Capital, with participation from VanEck and Circle. Morpho aims to build an open credit network that connects traditional finance with on-chain finance. According to official disclosures, its ecosystem has made significant progress: the deposits on Coinbase’s lending product on its platform have surpassed $100 million, and it is set to receive support from U.S.-compliant custodian BitGo, and has already reached a partnership with the gig-economy giant Deel for its global employees.