Apollo Global Employs Anchorage Digital as Crypto Overseer

Anchorage Digital will be overseer to the crypto assets of Apollo Global Management.
Apollo has employed Christine Moy as chief of digital assets strategy.
Diogo Monica believes that the partnership will set a mark.

Apollo Global Management, one of the largest asset manager based in America has picked Anchorage Digital, a digital asset platform to be its overseer for crypto assets, as per a press release on October 31.

Anchorage Digital, which has the first federally chartered crypto bank in the United States stated that it anticipates to keep an important part of Apollo’s digital-asset portfolio.

APM, which holds $513 billion in assets under management, experimented into the crypto industry in 2022, employing former JPMorgan Chase official Christine Moy in April this year to become its chief of digital assets strategy.

Moy was well known as a crypto-forward executive in the crypto industry and he has also served almost 18 years at JPMorgan Chase. In the recent past, she was given a position of head of crypto and metaverse at JPMorgan Chase.

The COO at Apollo wordings

“As we find different ways to impose blockchain technology over the business of Apollo, we anticipate doing a partnership with Anchorage for the protection of client assets,” Adam Eling, chief operations officer of digital assets at Apollo, revealed in a press release. He also stated that:

“We were able to collaborate with Anchorage given their guarantee of functioning under strict regulatory error, their powerful work on security and isolation of client assets, and their convenience for asset managers to keep virtual tokens. As we find different ways to impose blockchain technology over the business of Apollo, we anticipate doing a partnership with Anchorage for the protection of client assets.”

The co-founder and president of Anchorage, Diogo Monica revealed that the partnership with Apollo will “set a mark” through which the institutions will learn to work with regulated digital-asset banks.

Diogo also highlighted that:

“Apollo is a ruler in terms of alternatives industry, so their advantage of Anchorage’s custody platform is fabulously endorsing, an we anticipate this partnership can set a mark for the institutions and through which they can learn to work with regulated digital-asset banks such as Anchorage to give guardianship and other services for their crypto holdings. Being both nimble and safe with digital asset portfolios does not have to be commonly exceptional and we are bearish that this collaboration will prove that.”