Apollo Global to Hold Crypto for Institutional Clients Through Anchorage Partnership
Apollo Global Management – one of the world’s largest asset managers, with more than $500 billion under management – is breaking into crypto custody through a partnership with digital asset platform Anchorage Digital. In total, Apollo holds over $500 billion in assets under management.
Eling added that the company would explore new ways to apply blockchain technology across its business. The move marks another major entrance into crypto from a national leader in asset management, following BlackRock’s partnership with Coinbase for Bitcoin trading and custody in August. Fidelity, one of the first major financial firms to break into Bitcoin back in 2018, introduced Ethereum trading to institutional clients earlier this month. Apollo brought on former JPMorgan crypto lead Christine Moy in April to be its Head of Digital Assets.
Source
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