Apollo Expands Crypto Portfolio with Strategic Morpho Token Acquisition

Apollo, managing over $900 billion, plans to acquire 90 million MORPHO tokens to enhance its DeFi credit market initiatives.

The prominent asset management firm Apollo, which holds assets exceeding $900 billion, is set to enhance its cryptocurrency investments through a strategic partnership to acquire MORPHO tokens. This collaboration aims to bolster the decentralized finance (DeFi) credit market by potentially securing up to 90 million MORPHO tokens, according to the company’s announcement.