Wall Street giant Apollo deepens crypto push with Morpho token deal

The asset manager overseeing more than $900 billion assets may buy up to 90 million MORPHO tokens as part of a partnership to support DeFi credit market, it said. What to know : Apollo Global Management struck a cooperation agreement to support lending markets built on Morpho’s onchain protocol. The deal allows Apollo to acquire up to 90 million MORPHO tokens over 48 months. The move follows BlackRock's push into decentralized finance earlier this week, listing its tokenized fund and buying tokens of decentralized exchange Uniswap.