Morpho Association and Apollo Sign Cooperation Agreement

The Morpho Association announces a cooperation agreement with certain affiliates of Apollo Global Management, Inc., dated February 13, 2026, in Paris, under which Apollo may acquire MORPHO tokens via open‑market purchases, over‑the‑counter transactions, and other arrangements up to a cap of 90 million MORPHO tokens over 48 months, subject to transfer and trading restrictions. The parties will collaborate to support onchain lending markets on Morpho’s protocol, with Galaxy Digital UK Limited serving as exclusive financial adviser to Morpho.

Apollo is a publicly traded global alternative asset manager headquartered in New York, with a diversified platform across private equity, credit, and real assets and reported assets under management in the hundreds of billions of dollars. Apollo invests on behalf of institutional and individual investors through funds and managed accounts and operates internationally with a broad corporate and investment advisory footprint.

The agreement is designed to strengthen lending market development, credit infrastructure, and curator‑managed vaults on Morpho’s open onchain lending network, which is governed by MORPHO token holders; Apollo’s purchases are constrained by ownership caps and trading limits to promote market stability. Galaxy Digital UK Limited acted as Morpho’s exclusive financial adviser on the transaction.

🧭 FAQs

• What does the Agreement allow Apollo affiliates to do? It allows Apollo affiliates to acquire MORPHO tokens up to a 90 million token cap over 48 months.
• When and where was the cooperation announced? The cooperation was announced on February 13, 2026, in Paris.
• What restrictions apply to the token purchases? Purchases are subject to transfer and trading restrictions and an overall ownership cap.
• Who advised Morpho on the transaction? Galaxy Digital UK Limited served as the exclusive financial adviser to Morpho.