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) trades, 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
Rumble: Tether has committed to providing $150 million in GPU service procurement and currently holds 210.82 BTC.
Rumble disclosed in its latest financial report that it holds 210.82 Bitcoin and $237.9 million in cash, with total liquidity of approximately $256.4 million. The company will collaborate with Tether to secure $100 million in advertising spending and $150 million in GPU service procurement commitments to enhance AI infrastructure and computing power.
GateNews9m ago
Nedbank, Crypto(dot)com Team Up for Blockchain Payments in Africa
Nedbank and Crypto(dot)com are partnering to modernize payment systems in Africa using blockchain technology, aiming for faster, cost-effective cross-border transactions and integration of digital assets into banking. Pilot programs will test these solutions.
TodayqNews44m ago
Sora Ventures Founder Jason Fang appointed as Chairman of Taiwan-listed company Chuan Fei Energy (TWSE: 1516)
Founder of Sora Ventures, Jason Fang, has been appointed as the new Chairman of Taiwan-listed company Chuanfei Energy, which specializes in trading electric vehicle battery components. Fang stated that he will bring his experience in the blockchain field into his new role to support the company in strengthening its business and creating shareholder value. Since its establishment in 2018, Sora Ventures has invested over $100 million in more than 150 Web3 companies.
動區BlockTempo1h ago
Sora Ventures Founder Jason Fang Appointed Chairman of Chuanfei Energy, Web3 Investor Cross-Over to Lead Taiwan Stock Listed Company
Chuanfei Energy appoints Jason Fang, founder of Web3 investment firm Sora Ventures, as the new Chairman, attracting market attention. Fang aims to apply his blockchain experience to the company, promote the development of electric vehicle electronic component business, and create more value for shareholders.
ChainNewsAbmedia1h ago
Niza Labs and PinGo Advance AI and DePIN Innovation on TON Blockchain
Niza Labs and PinGo have partnered to enhance Web3 adoption and AI development on the TON blockchain, providing scalable resources and a secure environment for users, while focusing on growth and ecosystem expansion.
BlockChainReporter1h ago
