Apollo plans to acquire 90 million MORPHO to support the DeFi lending market
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Apollo Global Management has announced a partnership agreement with Morpho to support credit markets based on the Morpho on-chain protocol. The agreement allows Apollo to acquire up to 90 million MORPHO tokens within 48 months. Apollo manages assets exceeding $900 billions, and this move follows BlackRock's recent entry into the decentralized finance sector, including the launch of tokenized funds and the purchase of Uniswap tokens.
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