Apollo Global Management to Work With Figure on Blockchain Initiatives

Apollo Global Management will collaborate with Figure on blockchain applications across the investment lifecycle.

AccessTimeIconJul 14, 2021 at 1:19 p.m. UTC
Updated Sep 14, 2021 at 1:25 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Apollo Global Management said it will work with fintech firm Figure on a series of blockchain initiatives.

  • Apollo, an asset management firm, will collaborate with Figure, a developer of the Provenance blockchain, on applications across the investment lifecycle, an announcement Wednesday said.
  • The companies will investigate practical applications such as listing funds on a blockchain, asset securitization and digital marketplaces.
  • Figure issues loans and mortgages using Provenance to automate parts of the process.
  • Along with Provenance, Figure offers blockchain-enabled products for companies and individuals around fundraising and secondary trading of the private fund market.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.