Asset manager Apollo will begin offering crypto custody services in partnership with Anchorage Digital.
Apollo has recently hired former JPMorgan Chase executive Christine Moy, who will lead the enterprise-wide digital asset strategy and play a key role in investment decisions in blockchain and Web3. The company is working diligently to increase its activities, especially in the crypto space.
Cryptocurrency Storage Service from Apollo
Apollo Global Management Inc will form a partnership with digital asset platform Anchorage Digital to provide cryptocurrency custody for its institutional clients.
Refusing to disclose what types of crypto holdings he owns, Apollo said his relationship with Anchorage dates back to mid-last year, when the company began researching how to best protect its clients’ crypto holdings.
Adam Eling, COO of Apollo’s digital assets team, said of the partnership:
“We look forward to collaborating with Anchorage to safeguard client assets as we explore creative ways to apply blockchain technology to Apollo’s business.”
Diogo Mónica, president of Anchorage Digital, said he was interested in discussions about how Anchorage could potentially expand its relationship with Apollo in the future.
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