Morpho Prepares Receivable-Backed Credit Markets for Onchain Lending
- —Morpho Midnight offers fixed-rate, fixed-term markets for receivables financing
- —Global factoring turnover hit €4.04 trillion in 2025
- —Model requires proof of receivables and protection against double financing
- —First markets have not launched; adoption depends on live deployment
Why it matters: The initiative extends RWA lending to future business cash flows, but real demand and credit performance remain unproven until launch.
Source: Crypto Economy