Paris, February 13, 2026, 8:00pm ET. The Morpho Association today announced that it has entered into a cooperation agreement (the “Agreement”) with certain affiliates of Apollo Global Management, Inc. ( “Apollo”).

Under the Agreement, Apollo or its affiliates may acquire MORPHO tokens through a combination of open-market purchases, OTC transactions, and other contractual arrangements, subject to an overall ownership cap of 90 million MORPHO tokens over a 48-month period as well as transfer and trading restrictions.

Apollo and Morpho will be working together to support onchain lending markets on Morpho’s protocol.

Galaxy Digital UK Limited served as exclusive financial adviser to Morpho.

About Morpho:

Morpho is an open network for onchain lending. It provides the infrastructure for onchain lending markets and curator-managed vaults that allocate assets across those markets. Morpho is governed by MORPHO token holders.