Apollo Signs Deal To Acquire 90 Million MORPHO Tokens Over Four Years

• Apollo Global Management signed a deal to acquire up to 90M MORPHO tokens over 48 months.
• The full allocation equals about 9% of total supply, valued at roughly $107M to $115M at mid-February prices.
• The partnership supports lending markets on Morpho’s onchain protocol and gives Apollo governance exposure.

Apollo Global Management has signed a cooperation agreement with the Morpho Association to expand into decentralized finance. The deal allows Apollo and its affiliates to acquire up to 90 million MORPHO tokens over 48 months.

The purchases can happen through open-market buys, over-the-counter deals, and other negotiated arrangements. The agreement includes ownership limits and trading restrictions to control supply pressure and limit sharp price swings.

If Apollo buys the full allocation, it would hold about 9% of Morpho’s total governance token supply. At…

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