BlackRock, Citadel and other traditional financial institutions accelerate investment in DeFi governance tokens

According to The Block, traditional financial institutions such as BlackRock, Citadel Securities, and Apollo Global Management have recently accelerated their layout in the decentralized finance (DeFi) field, strengthening their participation in related infrastructure by purchasing governance tokens. BlackRock launched the token based treasury bond bond fund BUIDL through UniswapX and purchased UNI tokens; Citadel supports LayerZero's "Zero" blockchain and purchases ZRO tokens; Apollo and Morpho have reached an agreement to acquire 90 million MORPHO tokens over the next 48 months, accounting for approximately 9% of the total supply. Analysis suggests that these transactions aim to ensure access to DeFi infrastructure, rather than simply betting on token value.