Morpho: Asset Management Giant Apollo to Buy 90 Million MORPHO Over 4 Years, Partners to Support Morpho On-Chain Lending Market

BlockBeats News, February 14th. According to official sources, Morpho has announced a partnership with the asset management company Apollo Global Management, which manages $900 billion in funds.

Under the agreement, Apollo or its affiliates may acquire MORPHO tokens through open market purchases, over-the-counter (OTC) trades, and other contract arrangements, with a total purchase limit of 90 million MORPHO tokens over a 48-month period, subject to transfer and trading restrictions.

Apollo and Morpho will collaborate to support the on-chain lending market on the Morpho protocol. Galaxy Digital UK Limited will serve as Morpho's exclusive financial advisor.