Apollo Global Management, one of the world’s largest asset managers with $515 billion in assets managed, on behalf of its customers through its relationship with the digital asset platform Anchorage Digital. cryptocurrency started to store.
Private equity firm Apollo Global Management has expanded its crypto services through a partnership with crypto custody platform Anchorage Digital.
Apollo Global Management Will Store Clients Cryptocurrency Through Anchorage Company
Anchorage, a federally listed cryptocurrency bank in the US, will store the vast majority of digital assets the firm processes for its clients, according to a statement Monday.
Apollo joined Anchorage’s $350 million Series D funding round in December 2021, and the storage relationship began in the middle of last year, Reuters reported. This comes after previous Anchorage partnerships with institutions in Asia.
Adam Eling, chief operations officer of Apollo’s digital assets team, said:
“We look forward to collaborating with Anchorage on the custody of client assets as we explore creative ways to apply Blockchain technology in Apollo’s business.”
The private equity giant hired Christine Moy, who was previously a crypto executive at JP Morgan, in April. Moy joined the company as a partner to lead the investment firm’s digital asset strategy.
At the time, a source said that he would help the firm invest in its token web3 and blockchain projects, but he bitcoin He said it was unlikely that he would buy it.
*Not investment advice.
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