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Apollo Global Management to Work With Figure on Blockchain Initiatives
Apollo Global Management will collaborate with Figure on blockchain applications across the investment lifecycle.
Yazan Jamie Crawley
Apollo Global Management said it will work with fintech firm Figure on a series of blockchain initiatives.
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- 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.
Read more: Former SEC Chief Clayton to Chair Investment Giant Apollo
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