In its recent press release, Anchorage Digital announced being the first custodian of the New York-based private equity firm Apollo’s digital assets.
As Apollo has over $513 billion under its asset management, Anchorage expects holding a sizable share of the digital asset manager’s portfolio as the country’s first nationally chartered digital asset bank.
Together Anchorage and Apollo are exploring creative ways to apply blockchain technology across Apollo’s business and safekeep clients assets.
Diogo Mónica, Co-Founder and President of Anchorage Digital, said, “Apollo is a leader in the alternatives industry, so their use of Anchorage’s custody platform is incredibly validating, and we expect this collaboration can set the bar for how institutions work with regulated digital asset banks like Anchorage to provide custody and other services for their crypto holdings. Being both nimble and secure with digital asset portfolios doesn’t have to be mutually exclusive–and we are confident this partnership will prove that.”
Anchorage is proud to support Apollo’s move into the crypto space at the highest levels of security and regulation.
Also read: America’s BNY Mellon Launches Digital Asset Custody Platform
