Apollo to buy 90M MORPHO over four years in new partnership

Asset manager Apollo Global Management, which has $900 billion in assets under management, has formed a strategic partnership with DeFi lending protocol Morpho (MORPHO), Aggr News reported. The two parties have agreed to a deal for Apollo to purchase up to 90 million MORPHO over the next four years. They also plan to continue collaborating in the on-chain lending sector. According to CoinMarketCap, MORPHO is currently trading at $1.25, up 13.89%.