Apollo Expands Crypto Bet, Eyes Up to 90M Morpho Tokens to Back DeFi Credit
Apollo Global Management, which oversees over $900 billion in assets, said it may purchase as many as 90 million MORPHO tokens under a partnership intended to bolster the DeFi credit market. The firm framed the transaction as support for decentralized lending infrastructure, with the token allocation intended to deepen liquidity and align incentives within Morpho’s protocol ecosystem.
The potential buy illustrates growing institutional appetite for on-chain credit products and could increase MORPHO liquidity and governance participation if executed. While the announcement is positive for DeFi’s maturity, market observers will watch timing, custody arrangements and any regulatory disclosures closely. The next milestones to follow are confirmation of the purchase size, execution timeline and how Apollo integrates the exposure within its broader institutional frameworks.