Morph
Morph is a Singapore-based Ethereum Layer 2 settlement layer optimized for stablecoin payments, serving enterprise payment companies, developers, and merchants through its Bitget ecosystem partnership, 200+ deployed projects, and a $150M Payment Accelerator program.
- Company typePrivate
- Founded2023
- HeadquartersSingapore, Singapore
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Morph does
Morph is a Singapore-based Ethereum Layer 2 settlement layer engineered for payments at scale. The network combines Optimistic and zero-knowledge rollup technology (Optimistic zkEVM) with a decentralized sequencer and a hybrid proof system, delivering $0.003 average transaction cost, 0.3-second block times, and throughput above 3,000 TPS. Morph is positioned as the primary settlement layer of the Bitget ecosystem, with BGB serving as gas and governance token after Bitget transferred 440 million BGB tokens to the Morph Foundation.
The platform serves enterprise payment companies, developers, and financial institutions through three core product surfaces: the Morph Settlement Layer (with Circle USDC as canonical settlement asset and CCTP for cross-chain transfers), a portfolio of payment applications (OSL Pay, Alchemy Pay, Paydify, AEON), and Bitget Wallet integration with EIP-7702-based gas abstraction that allows users to pay gas in stablecoins (USDT, USDC, or BGB). The $150 million Payment Accelerator, backed by Bitget, offers grants and performance-based incentives to payment companies in crypto cards, cross-border remittance, and merchant gateway verticals, with access to the combined 120M+ user base of Bitget and Bitget Wallet. Morph also introduced the ERC-8004 standard targeting autonomous AI agent commerce and integrated Beosin KYT and BlockSec for compliance and security.
Morph's revenue model centers on transaction and gas fees denominated in BGB, with average fees of $0.003 per transaction. The company monetizes indirectly through the BGB token's gas/governance utility and through ecosystem value capture via the Morph Foundation, while the Payment Accelerator represents a deployment-side capital deployment instrument rather than a revenue stream. Go-to-market is sales-led and ecosystem-led: direct enterprise outreach (CEO Colin Goltra at Money 20/20 Asia and Blockcast panels), developer-facing APIs and documentation, and distribution through Bitget's 120M+ user base. Morph targets enterprise payment companies as primary customers, with secondary segments spanning enterprise treasury, payroll/B2B payments, tokenized RWA platforms, and institutional custody.
Morph firmographics
Firmographics- Name
- Morph
- Legal name
- Morph
- Website
- https://www.morphl2.io
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Morph is a Singapore-based Ethereum Layer 2 settlement layer optimized for stablecoin payments, serving enterprise payment companies, developers, and merchants through its Bitget ecosystem partnership, 200+ deployed projects, and a $150M Payment Accelerator program.
- Ownership category
- akta.pro rank
Morph industry classification
Industry- Product category
- Blockchain Payment Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Layer 2 Scaling & Rollups (optimistic/ZK, sequencers, DA usage) (FSAPAAAB)
- akta.pro secondary industries
- Layer-2 (L2) / Rollup Sequencer & Validator Operations (FSADAKAB), Payments, Remittances & Merchant Acceptance (checkout, invoicing, payroll) (FSAPAEAE), Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE)
Keywords
Where Morph is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Markets served
Morph business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- Transaction/Gas Fees: Revenue generated from transaction fees on the Morph settlement layer. Average transaction cost is $0.003. BGB token serves as the gas token for the network.
- BGB Token Utility: BGB token transferred from Bitget (440 million tokens) serves as gas and governance token for Morph Layer-2 network, creating utility value
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | $0.003 average transaction cost |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels6 records
Morph product offering
Product offeringCore offering
Morph operates a fully permissionless Ethereum Layer 2 (EVM L2) settlement layer optimized for payments, combining optimistic and zero-knowledge rollup technology with a decentralized sequencer and hybrid proof system. The network delivers an average transaction cost of $0.003, 0.3-second block times, and 3,000+ TPS, with USDC as the canonical stablecoin settlement asset and BGB as the gas, governance, and utility token. Morph monetizes via transaction/gas fees and supports a $150M Payment Accelerator program that funds payment companies building real-world onchain transaction activity on the network.
Product overview
Morph is a high-performance Ethereum Layer 2 settlement layer engineered for payments at scale, offering $0.003 average transaction cost, 0.3s block time, and 3K+ TPS. The platform serves as the technical core for moving money across networks and borders, supporting use cases from local checkouts to global remittances. The product portfolio centers on the Morph Settlement Layer as the core infrastructure, with BGB serving as the gas, governance, and utility token. The ecosystem includes payment applications (OSL Pay, Alchemy Pay, Paydify, Aeon), Bitget Wallet for consumer payments, and USDC/CCTP integration from Circle for stablecoin settlement. The $150M Payment Accelerator program supports ecosystem builders, while the ERC-8004 standard enables AI agent identity for autonomous commerce. Morph is the primary settlement layer for the Bitget ecosystem, serving over 120 million combined users of Bitget and Bitget Wallet.
Differentiator
Problem solved
Functional benefit
Brands
- Payment Accelerator: $150 million program supporting payment companies bringing live real-world transaction activity onchain, offering grant funding, performance-based incentives, and liquidity support.
- Morph Foundation
Products and services
- Morph Settlement Layer A fully permissionless Ethereum Layer 2 settlement layer optimized for payments, providing $0.003 average transaction cost, 0.3s block time, and 3K+ TPS for payment companies, enterprises, and protocols requiring onchain settlement.
- $150M Payment Accelerator A $150 million performance-based accelerator program supporting payment companies, financial institutions, and infrastructure providers building on Morph mainnet, offering grant funding, performance-based incentives, and liquidity support scaled to deployment stage.
- ERC-8004 Standard for AI Agent Identity An AI agent identity and reputation standard enabling autonomous Web3 AI agents to operate without traceable human counterparties, addressing enterprise privacy and sanctions compliance for autonomous agent commerce.
- BGB Token on Morph BGB serves as Morph's gas, governance, and utility token at the center of the network's settlement infrastructure, placed at the center of the Bitget ecosystem and the Morph payment network.
Quantifiable outcome
- $0.003 average transaction cost, enabling cost-effective payments at scale
- +5 more outcomes
Companies that use Morph
Customer profileNamed customers7 records
Segments7 records
Ideal customer profiles6 records
Morph technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration9 records
AI capability4 records
Feature7 records
Morph partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and flagship.
- CirclecoreCircle integrated USDC and its Cross-Chain Transfer Protocol (CCTP) on Morph, establishing USDC as the canonical settlement asset across the network. CCTP enables burn-and-mint cross-chain transfers preserving supply integrity.
- Beosin KYTcoreCompleted full integration with Morph Layer 2 network to provide real-time blockchain AML compliance monitoring. Beosin KYT provides AI-powered risk assessments of wallet addresses and transactions.
- BlockSeccoreJoined Morph Payment Accelerator as official audit partner, providing smart contract audits and penetration testing at 20% discount to participating companies. Will offer real-time threat monitoring through Phalcon product suite.
- BitgetflagshipBitget transferred 440 million BGB tokens to Morph Foundation to serve as gas and governance token. Morph is the primary settlement layer of Bitget ecosystem, with Bitget and Bitget Wallet combined having over 120 million users. Bitget backs the $150M Payment Accelerator.
- Bitget WalletflagshipCombined ecosystem with Bitget representing over 120 million users. Bitget Wallet expanded gas abstraction to Morph, enabling stablecoin gas fees and daily free transactions.
- OSL PaycoreEnables regulated stablecoin on/off-ramps on Morph, connected to Bitget and Bitget Wallet for faster, lower-cost settlement and seamless onchain experience.
- Alchemy PaycoreConnects fiat payment methods directly to Morph, allowing users to buy digital assets using cards, bank transfers, and local payment options.
- PaydifycoreHelps merchants accept stablecoin payments with fast, secure onchain clearing and settlement on Morph.
- AEONcoreBrings crypto payments to merchants with no changes to existing systems, enabling seamless onchain checkout.
Scale indicators11 records
Recent moves6 records
Expansion highlights6 records
Morph competitors and assessment
Company assessmentDirect peers
- Base: Coinbase's EVM-equivalent Layer 2 (built on the OP Stack) that has explicitly targeted stablecoin payments and onchain commerce, with deep exchange/incubator distribution. Directly comparable to Morph as a payments-focused EVM L2 leveraging a major exchange parent for distribution.
- Arbitrum: One of the largest EVM L2s by TVL and transaction volume, with a mature DeFi ecosystem and growing payments/stablecoin activity via integrations like Circle's USDC. A direct L2 competitor to Morph for developer mindshare and stablecoin liquidity.
- Optimism: EVM-equivalent L2 and the originator of the OP Stack that Base and others build on. Directly competes with Morph for EVM-compatible L2 settlement, with a broad ecosystem and the Superchain vision for cross-chain interoperability.
- Polygon: Long-standing Ethereum scaling platform (PoS, Polygon zkEVM, AggLayer) targeting payments, RWA tokenization, and enterprise. Competes with Morph on L2/equivalent L1 scaling and stablecoin payment throughput.
- Plasma: Stablecoin-native L1 (Bitcoin-anchored) launched with a payments-first thesis and significant funding from Tether-affiliated participants. A highly comparable payments-optimized chain that directly competes with Morph for stablecoin settlement volume.
- COTI: Privacy-preserving, payments-focused L2 on Ethereum (using the Arbitrum Orbit stack) with a stablecoin-issuance and confidential payment track. Closely comparable to Morph on payments use case and stablecoin native design.
Emerging players
- Circle Arc: Circle's new L1 purpose-built for stablecoin payments and FX, integrated with USDC at the protocol level. Represents a strategic risk to Morph as it could absorb institutional stablecoin settlement that Morph is targeting, but is also ecosystem-adjacent given Morph's existing Circle USDC/CCTP integration.
- Alchemy Pay: Fiat-crypto payment ramp and onramp infrastructure that is itself a Morph partner. Operates an adjacent layer of the payment stack (fiat onramp), making it a partial peer as Morph expands into consumer payment applications while remaining a partner in Morph's ecosystem.
- Stargate Finance: Cross-chain bridge and liquidity transport protocol (built on LayerZero) widely used for USDC movement across chains. Partially comparable to Morph's settlement layer positioning given Morph's emphasis on fast, low-cost USDC transfers and Circle CCTP integration.
- Linea: Consensys-built zkEVM L2 targeting payments and consumer applications with deep MetaMask/wallet distribution. Comparable to Morph as a venture-backed payments-oriented L2 with a major ecosystem partner providing user reach.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Morph social profiles
Digital presenceMorph financial estimates
Financial estimateRevenue estimate
Valuation estimate
Morph leadership team
Management profileNumber of profiles
Profiles1 record
Morph funding detail
Funding detailFunding overview
Funding rounds2 records
Investors9 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Morph M&A and investment
M&A and investmentM&A
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Morph
What does Morph do?
Morph operates a fully permissionless Ethereum Layer 2 (EVM L2) settlement layer optimized for payments, combining optimistic and zero-knowledge rollup technology with a decentralized sequencer and hybrid proof system. The network delivers an average transaction cost of $0.003, 0.3-second block times, and 3,000+ TPS, with USDC as the canonical stablecoin settlement asset and BGB as the gas, governance, and utility token. Morph monetizes via transaction/gas fees and supports a $150M Payment Accelerator program that funds payment companies building real-world onchain transaction activity on the network.
Is Morph a public or private company?
Morph is a private company. It is classified as venture growth investor backed and is currently operating.
When was Morph founded?
Morph was founded in 2023. It employs 11 to 50 people.
Where is Morph based?
Morph is headquartered in Singapore, Singapore, in the Asia region.
How does Morph make money?
Two revenue lines are on record. Transaction/Gas Fees are the primary driver. The others are BGB Token Utility.
Who are Morph's main competitors?
Direct peers on record are Base, Arbitrum, Optimism, Polygon, Plasma and COTI. Emerging players are Circle Arc, Alchemy Pay, Stargate Finance and Linea.
Does Morph have an API?
Yes. Morph offers API access for developers. The explorer.morph.network/api-docs endpoint provides public API documentation for interacting with the Morph network, enabling developers to build and automate applications on the settlement layer. Developer documentation is at explorer.morph.network/api-docs.
What industry is Morph in?
Morph's product category is Blockchain Payment Infrastructure. Its primary akta.pro industry code is FSAPAAAB, Layer 2 Scaling & Rollups (optimistic/ZK, sequencers, DA usage), with a secondary code of FSADAKAB, Layer-2 (L2) / Rollup Sequencer & Validator Operations. Its NAICS code is 522320 and its SIC code is 6200.