3 Altcoins Rally After Wall Street Giants Buy Into DeFi Infrastructure
Three DeFi tokens, MORPHO, UNI, and JUP, rallied after major Wall Street firms acquired stakes in their underlying infrastructure.Summary
Three major DeFi tokens—Morpho (MORPHO), Uniswap (UNI), and Jupiter (JUP)—experienced sharp rallies following landmark deals where Wall Street firms acquired direct stakes in their onchain financial infrastructure. Apollo Global Management agreed to acquire up to 90 million MORPHO tokens over four years, signaling support for Morpho's lending markets, causing MORPHO to surge nearly 30%.
BlackRock integrated its $2 billion tokenized Treasury fund, BUIDL, onto Uniswap's institutional trading infrastructure and purchased UNI tokens, giving it governance influence, which led to UNI rallying nearly 20%. Concurrently, ParaFi Capital invested $35 million directly into Jupiter's JUP token at spot price with lockups, marking Jupiter's first institutional investment and causing JUP to rise.
These transactions collectively indicate a significant structural shift where traditional asset managers are moving beyond simple crypto exposure to acquire governance and economic ownership in core decentralized finance protocols, boosting institutional confidence in these onchain rails.
(Source：BeInCrypto)