#ApollotoBuy90MMORPHOin4Years

‍#我在Gate广场过新年
This marks a major strategic partnership announced in February 2026 between global asset manager Apollo Global Management and the decentralized finance (DeFi) protocol Morpho.
This is a significant milestone for the crypto industry, as it represents one of the most direct steps taken by a traditional "Wall Street" giant into DeFi governance and infrastructure.
Key Details of the Agreement
Amount: Apollo (and its affiliates) have signed an agreement to purchase up to 90 million MORPHO tokens.
Timeline: This purchase is structured to take place over a 48-month (4-year) period.
Share Ratio: If all 90 million tokens are purchased, Apollo will hold approximately 9% of Morpho's total governance supply.
Value: Based on market prices at the time of the announcement (approximately $1.19-$1.37), the value of the deal is estimated to be between $107 million and $115 million.
Why This Matters
Unlike typical institutional investments that involve just holding an asset, this partnership is focused on active protocol participation:
On-Chain Lending: Apollo intends to use Morpho’s infrastructure to co-develop and support on-chain lending markets.
Institutional Validation: This move signals a shift from institutions merely "watching" crypto to actively using DeFi rails for credit and liquidity.
Market Stability: To prevent price volatility, the agreement includes specific ownership caps and trading restrictions (vesting periods) on the tokens Apollo acquires.
Important Distinction: Morpho vs. MorphoSys
It is easy to confuse these two, but they are entirely different entities:
Morpho (MORPHO): A decentralized lending protocol in the crypto space (the subject of this Apollo deal).
MorphoSys AG: A German biotechnology company that was actually acquired by Novartis in 2024 for approximately €2.7 billion.
‍$MORPHO