Apollo Global Management, a leading global alternative asset manager, has officially marked its entry into the decentralized finance (DeFi) lending space through a strategic partnership with Morpho. This collaboration involves the establishment of institutional-grade lending vaults on the Morpho protocol, a move supported by Apollo and other financial firms such as Victory Park Capital. By utilizing Morpho’s decentralized infrastructure, Apollo aims to bridge the gap between traditional private credit and on-chain liquidity. The initiative represents a significant step in the convergence of Traditional Finance (TradFi) and blockchain technology, offering increased transparency and efficiency in the lending process. This deal underscores the growing appetite among institutional heavyweights to integrate blockchain-based solutions into their broader financial strategies.
Source: TradFi giant Apollo enters crypto lending arena via Morpho deal
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