Apollo Global Management has signed a cooperation agreement with the Morpho Association to acquire 90 million MORPHO tokens, representing 9% of the decentralized lending platform's governance token supply. The $938 billion asset manager plans to purchase the tokens over the next four years through various methods, including open-market buys and over-the-counter transactions, subject to ownership caps and transfer restrictions. This move marks Apollo's continued expansion into blockchain, following its investment in the PLUME project and tokenization of its credit strategies. Galaxy Digital UK served as the exclusive financial adviser to Morpho in this deal.