Morpho Partners with Apollo for 90 Million Token Acquisition

Morpho Association has entered into a partnership with an affiliate of Apollo Global Management, allowing Apollo to acquire up to 90 million MORPHO tokens over a 48-month period. The acquisition will occur through open market purchases, over-the-counter trading, and other contractual arrangements, with a cumulative holding limit set for the duration. The collaboration aims to bolster the on-chain lending market on the Morpho protocol. Galaxy Digital UK Limited is acting as Morpho’s exclusive financial advisor for this partnership.