Apollo has reached a partnership with Morpho to acquire 90 million MORPHO tokens over 48 months

According to official news, the decentralized on-chain lending network Morpho Association announced a cooperation agreement with a specific affiliate of Apollo Global Management, Inc. (hereinafter referred to as "Apollo").

Under the terms of the agreement, Apollo or its affiliates will acquire MORPHO tokens through public market purchases, over-the-counter (OTC) transactions, and other contractual arrangements, but the total amount of MORPHO tokens held within 48 months is capped at 90 million, and there are transfer and trading restrictions.

In this collaboration, Apollo will work with Morpho to jointly support the development of the on-chain lending market on the Morpho protocol. This transaction is advised exclusively by Galaxy Digital UK Limited for Morpho.