Cryptocurrencies
Apollo Plans to Offer a New Fund on Blockchain With Fintech Figure
- More financial firms are migrating to blockchain technology
- Blockchain tech to reduce costs after digitization of assets
Mike Cagney
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Apollo Global Management Inc. is going to offer a new fund on a public blockchain as it expands its relationship with financial technology firm Figure.
Apollo and Hamilton Lane Inc. are launching investment vehicles using a platform on Figure. The groups are utilizing a blockchain technology known as Provenance, which serves as a ledger to issue and transact across private investments.