Apollo Global Management plans to purchase up to 90 million MORPHO tokens over the next four years.

Techub News, according to CoinDesk, Wall Street giant Apollo Global Management (APO) has signed a cooperation agreement with the French non-profit Morpho Association behind the Morpho protocol. This agreement allows Apollo and its affiliates to purchase up to 90 million (9% of the total supply.) MORPHO tokens over the next four years. The purchases can be conducted through public market transactions, over-the-counter trades, and other arrangements, and are subject to shareholding caps and transfer restrictions. Documents show that Galaxy Digital UK served as the exclusive financial advisor to Morpho. In addition to the token purchase, Apollo and Morpho stated they will collaborate to support lending markets built on the Morpho protocol.