Apollo Global Management to Work With Figure on Blockchain Initiatives
Apollo Global Management will collaborate with Figure on blockchain applications across the investment lifecycle.
Jul 14, 2021 at 1:19 p.m. UTCUpdated Aug 21, 2021 at 12:23 p.m. UTC
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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.
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