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Three major DeFi tokens – Morpho (MORPHO), UniSwap (UNI) and Jupiter (JUP) – rose sharply last week after Wall Street firms Apollo Global Management, BlackRock and ParaFi Capital concluded landmark agreements to take direct stakes in the on-chain financial infrastructure.
These moves signal a tectonic shift, as traditional asset managers move beyond exposure to cryptocurrencies and begin to gain governance and economic ownership in the areas of decentralized trading and lending.
Morpho grows after Apollo agrees to acquire 90 million tokens
Morpho achieved the strongest increase later advertising Apollo Global Management has announced a partnership agreement to acquire up to 90 million Morpho tokens over four years. This purchase represents about 9% of the total supply.
The deal gives Apollo exposure to governance and positions the company to support loan markets based on Morpho’s infrastructure.
Currently, Morpho secures approximately $5.8 billion in total closed value, making it one of the largest on-chain lending platforms.
Investors responded quickly. MORPHO is down almost 30% in a week.
Uniswap jumps in with BlackRock’s purchase of UNI and joins cryptocurrency funds
UniSwap turns after BlackRock confirmed It acquired UNI tokens by integrating the $2 billion tokenized treasury fund, BUIDL, into the UniSwap institutional trading infrastructure.
This integration allows institutional investors to trade tokenized exposure to Treasuries using Uniswap’s decentralized exchange lines.
Meanwhile, BlackRock’s acquisition of Leoni gives the asset manager governance influence over the protocol that now hosts its fund.
The UNI index rose sharply at the end of the week, rising about 20%.
Paravi invests 35 million dollars directly in JUP
Jupiter also stood up After ParaFi Capital invested $35 million directly in the protocol’s JUP token.
Unlike traditional venture capital deals, Paravai bought tokens at market price with a reservation and guarantees for future purchases.
This deal represents Jupiter’s first institutional investment and aligns with the platform’s expansion into lending, stablecoins and institutional business architecture.
The price of JUP increased from about $0.144 to $0.163 during the week.
Together, the deal highlights a broader trend. Instead of just buying crypto assets, Wall Street firms are taking government stakes in the underlying DeFi protocols.
This transition signals growing institutional confidence in on-chain financial lines and helps explain the strong price reactions in lending and trading infrastructure tokens.
