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Morpho partners with Apollo to purchase 90 million MORPHO tokens over four years.

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MORPHO
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Morpho has partnered with Apollo Global Management, a firm managing $90 billion in assets, to purchase up to 90 million MORPHO tokens over four years. The tokens may be acquired through public markets, OTC trades, or contracts, with restrictions on transfers and trading. The agreement supports Morpho’s on-chain lending market, with Galaxy Digital UK serving as financial advisor. Altcoins such as MORPHO are gaining momentum in the digital asset market as major players increase their on-chain activity.

BlockBeats news: On February 14, according to official announcements, Morpho has entered into a collaboration agreement with Apollo Global Management, an asset management firm overseeing $900 billion in assets.


Under this agreement, Apollo or its affiliates may acquire MORPHO tokens through public market purchases, over-the-counter (OTC) transactions, and other contractual arrangements, with a total acquisition cap of 90 million MORPHO tokens over a 48-month period, subject to transfer and trading restrictions.


Apollo and Moropho will collaborate to support the on-chain lending market on the Moropho protocol. Galaxy Digital UK Limited serves as Moropho’s exclusive financial advisor.

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