Apollo Global Management to Acquire MORPHO Tokens in Strategic Deal: 🔥🔥💥💥🔥🔥
Apollo Global Management is going to buy a maximum of 90 million MORPHO tokens within 48 months, which is 9% of Morpho's total governance token supply. The collaboration between the two parties focuses on reinforcing Morpho's on, chain lending infrastructure further and gives Apollo a lasting governance influence.
Acquisition Plan: Apollo will obtain tokens via open, market purchases, OTC transactions, and negotiated arrangements.Ownership Caps: The agreement features ownership caps and transfer restrictions that help to maintain market stability.Valuation: The total amount allocated is estimated to be around $107 million to $115 million.Partnerships: Institutional integrations with Bitwise and Flare came before this, which has enabled the expansion of Morpho's lending capabilities.This transaction is a demonstration of the increasing trust of institutions in on, chain credit markets. By participating, Apollo becomes one of the major asset managers who have been in the spotlight for exploring decentralized finance alongside the other ones.
