PANews reported on February 23 that, according to The Block, traditional financial giants such as BlackRock, Citadel Securities, and Apollo Global Management have recently purchased DeFi governance tokens, marking a new phase in their collaboration with the crypto space.

BlackRock launched its tokenized bond fund BUIDL through UniswapX and purchased UNI tokens; Citadel supported LayerZero's "Zero" blockchain and purchased ZRO tokens; and Apollo reached an agreement with Morpho to acquire 90 million MORPHO tokens within 48 months, representing approximately 9% of the total supply.

Analysts believe these transactions are more about securing access to DeFi infrastructure than simply betting on token value. As the infrastructure matures and the regulatory environment improves, more traditional financial institutions are expected to invest in DeFi governance tokens, especially blue-chip projects related to stablecoins, tokenized physical assets, and trading infrastructure.