FigureAsia 35 Under 35 · Finance
Paul Frambot
Age 24 · Decentralised credit infrastructure · France and Asia-Pacific
A protocol founder building an open credit layer that financial institutions and consumer platforms can integrate without surrendering control of deposits.
- Age at the edition eligibility date
- 24
- Field
- Finance
- Country or region
- France and Asia-Pacific
- FigureAsia U35 Assessment
- 79.0 / 100
Profile
Career and documented record
Paul Frambot is both the chief executive of Morpho and the corresponding author of the paper that formalised its original lending mechanism. The protocol began by matching suppliers and borrowers more efficiently on top of existing pools and has developed into a broader, permissionless credit network. During 2025, Morpho reported deposits rising from $5 billion to $13 billion, active loans reaching $4.5 billion and users increasing from 67,000 to 1.4 million.
The year also produced completed institutional integrations, including Coinbase, Gemini, Crypto.com, Bitget and Société Générale. Frambot subsequently spent three weeks across Asia in more than 50 meetings with regulators, fintechs, institutions and capital allocators. Morpho's deployment on Kaia then brought live isolated lending markets to an ecosystem distributed through Kakao and LINE. Protocol deposits are network measures rather than assets held or managed by Frambot, and decentralised lending retains smart-contract, collateral and liquidity risk.
FigureAsia selection
Why Paul Frambot is on the list
FigureAsia selected Frambot because his agency spans mechanism design and institutional execution. His authorship establishes a contribution beyond the founder title, while the 2025 integrations and 2026 Asian deployment show that the credit layer is being used in completed products at international scale.
The assessment does not treat total deposits as revenue or presume that immutable software eliminates financial risk. Frambot is recognised for designing and scaling a distinct credit primitive, and for doing the relationship and regulatory work required to connect that infrastructure to Asian financial markets.
Verified work
The 2025–26 record
Morpho deposits reached a reported $13 billion
The protocol also reported $4.5 billion in active loans, 1.4 million users and major integrations across exchanges, fintechs and a regulated bank.
Morpho launched live lending markets on Kaia
The deployment connected Morpho's isolated credit markets to an Asian super-app blockchain ecosystem linked to Kakao and LINE distribution.
Field context
The work in its field
Onchain lending replaces a bank's central balance sheet with software-defined markets, collateral rules and liquidations. This can make credit infrastructure programmable and widely accessible, but losses can still arise from code, oracle failures, bad collateral and abrupt liquidity demand.
The field is moving from isolated crypto applications toward integrations inside exchanges, fintechs and banks. That makes protocol design only one part of the task; risk disclosure, partner implementation and jurisdictional engagement increasingly determine real adoption.
FigureAsia U35 Assessment
Assessment breakdown
79.0out of 100
Completed financial consequence
24 / 30
Morpho deposits reached a reported $13 billion is treated as a delivered financial outcome. The score is confined to the completed result described in the record and excludes projections or paper valuation.
Individual agency and execution
20 / 25
The documented role—Co-founder and Chief Executive—and the attributed actions in the profile establish accountable execution. Institution-wide results are not assigned to the person alone.
Verified reach and significance
16 / 20
Onchain lending replaces a bank's central balance sheet with software-defined markets, collateral rules and liquidations. This can make credit infrastructure programmable and widely accessible, but losses can still arise from code, oracle failures, bad collateral and abrupt liquidity demand.
Innovation and field influence
11 / 15
The record combines decentralised credit infrastructure with the completed work described in Morpho launched live lending markets on Kaia. Credit reflects demonstrated practice, not a claim of novelty by itself.
Stewardship, access and Asian relevance
8 / 10
The Asian connection is explicit: A Morpho executive who spent an extended 2026 period meeting regulators and financial institutions across Asia and led a network with a completed deployment on the Kakao- and LINE-linked Kaia ecosystem. Stewardship credit is limited to the regulatory, governance, access or stakeholder evidence described in the profile.