Specializing in alternative asset management and managing $938 billion in assets, Wall Street firm Apollo Global Management continues to deepen its presence in cryptocurrency and DeFi. The latest news indicates that Apollo has reached a partnership with DeFi lending protocol Morpho, allowing the purchase of up to 90 million MORPHO tokens over the next four years.
According to the cooperation agreement signed by both parties, Apollo and its affiliates can acquire MORPHO tokens through various methods such as open market purchases and over-the-counter (OTC) trading, but must adhere to token holding limits and transfer restrictions.
The document also states that Galaxy Digital UK served as Morpho’s exclusive financial advisor for this transaction.
The 90 million tokens represent 9% of the total MORPHO token supply. If fully allocated, this means Apollo will have substantial influence over the protocol’s governance.
This partnership is not limited to token investment. Apollo and Morpho also announced that they will jointly support on-chain lending markets built on the Morpho protocol.
In fact, this deal is just one part of Apollo’s recent expansion into blockchain. Last year, Apollo invested seven figures in PLUME, a project focused on bringing traditional financial products onto the blockchain.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
TRON received the "Web3 Leading Enterprise Award" at the SFFE2030 Summit, accelerating its move toward the core infrastructure of the AI era.
TRON received the "Web3 Leading Enterprise Award" at the SFFE2030 Summit, highlighting its infrastructure position in global digital finance and emerging industries. With stable coin settlement and efficient on-chain payment capabilities, TRON is expanding toward artificial intelligence economic infrastructure, focusing on future machine-to-machine (M2M) payment needs to drive further development of the digital economy.
動區BlockTempo3h ago
Haun Ventures CEO: Mastercard's $1.8 Billion Acquisition of Stablecoin Company, AI Agents to Drive Demand Growth
Katie Haun pointed out in an interview that the global payments sector is facing an arms race, with Mastercard entering the stablecoin market through its $1.8 billion acquisition of BVNK. Meanwhile, the CFTC and SEC jointly released guidance, and Congress urgently needs to advance the CLARITY Act. She believes AI will increasingly participate in trading, with stablecoins serving as the foundational infrastructure supporting this transformation.
GateNews7h ago
SBI VC Trade Launches Licensed USDC Lending Service in Japan, Stablecoin Moving Toward Yield-Generating Applications
Japan's financial group SBI Holdings subsidiary SBI VC Trade plans to launch USDC lending services starting March 19, 2026, becoming the first licensed operator with stablecoins as the underlying asset. This service offers an annualized interest rate of up to 10%, with expectations to stabilize at 5% in the future. The service expands stablecoin applications from a medium of exchange to financial instruments, demonstrating Japan's strategy of establishing legislation first before opening up the market, promoting legality and adoption in its stablecoin market.
区块客03-21 10:15
Polymarket Teams Up With MLB as Official Partner
Polymarket has signed a major deal with Major League Baseball (MLB). The platform is now the official prediction market partner of the league. This is a big step for both sides. MLB reaches millions of fans every month. Now, those fans may also
Coinfomania03-21 08:01
A certain CEX launched on-chain shares of a Bitcoin yield fund, deployed on Ethereum Layer 2 network
A certain CEX's asset management department has launched tokenized shares of a Bitcoin yield fund in collaboration with Apex Group, targeting non-US investors and adopting the ERC-3643 standard to achieve automated compliance. Institutions are accelerating asset tokenization to improve efficiency and reduce costs.
GateNews03-21 07:41
