3 Altcoins Rally After Wall Street Giants Buy Into DeFi Infrastructure
Three major DeFi tokens — Morpho (MORPHO), Uniswap (UNI), and Jupiter (JUP) — rallied sharply over the past week after Wall Street firms Apollo Global Management, BlackRock, and ParaFi Capital struck landmark deals to acquire direct stakes in onchain financial infrastructure.
The moves signal a structural shift, as traditional asset managers move beyond crypto exposure and begin acquiring governance and economic ownership in decentralized trading and lending rails.
Morpho Surges after Apollo Agrees to Acquire 90 Million TokensMorpho posted the strongest rally after Apollo Global Management announced a cooperation agreement to acquire up to 90 million MORPHO tokens over four years. The purchase represents roughly 9% of total supply.
Wall Street is moving deeper into crypto:
Last week, Apollo struck a deal to support onchain lending markets for the first time in history.
The deal allows Apollo to acquire up to 90 million MORPHO tokens over 48 months.
Just days before that, BlackRock announced it is… pic.twitter.com/pw8PxdNcYx
The deal gives Apollo governance exposure and positions the firm to support lending markets built on Morpho’s infrastructure.
Morpho currently secures about $5.8 billion in total value locked, making it one of the largest onchain lending platforms.
Investors responded quickly. MORPHO is up nearly 30% in a week.
MORPHO Price Chart. Source: CoinGecko
Uniswap Jumps as BlackRock buys UNI and Integrates Tokenized Fund
Uniswap rallied after BlackRock confirmed it purchased UNI tokens alongside integrating its $2 billion tokenized Treasury fund, BUIDL, onto Uniswap’s institutional trading infrastructure.
The integration allows institutional investors to trade tokenized Treasury exposure using Uniswap’s decentralized exchange rails.
Today, we are announcing a strategic integration in collaboration with @Securitize, to make @BlackRock USD Institutional Digital Liquidity Fund (BUIDL) available to trade via UniswapX through Securitize pic.twitter.com/eXfnLTUkVU
— Uniswap Labs