Apollo | Crypto

The move expands DeFi institutional assets to include Wall Street heavy hitters. Centrifuge is bringing tokenized Treasurys, AAA-rated CLOs and private credit to the Monad blockchain, making for the first availability of institutional-grade assets on the network. According to an announcement shared with Cointelegraph, the integration includes tokenized products from Janus Henderson and Apollo Global Management, including JTRSY, JAAA and ACRDX, with investors holding onchain fund shares that represent direct claims on the underlying assets and support in-kind redemptions. Centrifuge is also introducing freely transferable versions of these assets (deJTRSY, deJAAA and deCRDX) designed for use across the Monad ecosystem in lending, collateral and secondary market activity. Read more

The $940 billion asset manager will collaborate on DeFi lending infrastructure and could acquire up to 90 million MORPHO tokens.  Traditional finance giant Apollo Global Management Inc. has signed a partnership agreement with decentralized lending platform Morpho to take a significant stake in the project and help support its blockchain lending infrastructure.  The move was announced on Friday by the Morpho Association, the nonprofit organization behind the decentralized finance (DeFi) platform.  The partnership, or “cooperation agreement,” will see Apollo or its affiliates buy up to 90 million Morpho (MORPHO) governance tokens over the next four years, representing 9% of the total 1 billion-token supply of MORPHO.  Read more