Apollo’s Bold Move: Acquiring 90M MORPHO Tokens to Revolutionize Decentralized Finance!

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Wall Street giant Apollo to acquire up to 90M MORPHO tokens in new strategic deal

Apollo Global Management is expanding its presence in the world of decentralized finance by partnering with the Morpho Association in a long-term agreement.

Summary

  • Apollo Global Management will acquire up to 90 million MORPHO tokens over 48 months.
  • The partnership follows institutional integrations with Bitwise, which launched a USDC yield vault, and Flare, which enabled XRP-linked lending.
  • The deal strengthens Morpho’s on-chain lending infrastructure and gives Apollo long-term governance influence.

On February 13th, the Morpho Association revealed a new partnership, stating they had reached an agreement with companies linked to Apollo.

Over the next four years, Apollo and its affiliates can purchase as many as 90 million Morpho (MORPHO) tokens.

Agreement outlines token purchase plan

As a researcher, I’ve found these tokens are acquired in a few different ways – through standard market purchases, direct deals with others, and privately negotiated agreements. To help keep the market steady, the agreement also sets limits on how many tokens any one person can own, and it includes rules about how and when they can be transferred or traded.

As an analyst, I can tell you these protections were intentionally included in the agreement. They’re designed to prevent large, unexpected jumps in supply and, as a result, keep prices more stable and avoid dramatic fluctuations.

If Apollo buys the entire allocation, it would own around 9% of Morpho’s governance tokens. Based on prices between $1.19 and $1.37 per token in mid-February, the total value of the allocation would be roughly $107 million to $115 million.

Galaxy Digital UK served as the sole financial advisor to Morpho throughout the deal discussions. Morpho believes this partnership will help grow lending platforms, improve credit systems, and enhance its secure vault services.

Agreement outlines token purchase plan

Morpho has been growing its decentralized lending platform through key partnerships, and the recent deal with Apollo is another step in that direction.

In late January 2026, Bitwise Asset Management launched its first self-custody vault on Morpho, allowing users to deposit USDC and earn up to 6% in rewards. This was Bitwise’s initial step into offering DeFi yield opportunities where users maintain control of their funds.

In early February 2026, Morpho added support for the Flare blockchain, letting users lend and borrow assets connected to XRP, like FXRP. This new feature included secure vaults holding FXRP, FLR, and USDT0, and was available through the Mystic app.

In 2025, Coinbase significantly expanded its crypto lending services by partnering with Morpho. This allowed Coinbase to manage over $960 million in loans, with $1.7 billion secured by assets like Ethereum and Bitcoin, and facilitated over $450 million in yield-generating USDC.

Morpho has expanded its reach by partnering with companies like Bitget, Société Générale Forge, Gemini, and Crypto.com to offer loan, borrowing, and investment options to a broader range of customers, including both individuals and institutions.

Recent upgrades to our system have allowed us to grow. Morpho Vaults 1.1, launched in 2025, made our risk management even better. Currently, we’re focused on developing Morpho V2, with plans to release it in 2026. This next version will offer loans with fixed rates and terms, and will use decentralized systems to manage risk.

Experts believe the Apollo deal shows increasing trust in lending and borrowing on blockchains from traditional financial institutions. We’re seeing more of these partnerships as established investment firms seek ways to connect directly with the new financial systems built on blockchain technology.

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2026-02-16 08:50