2 years ago
Eliza Gkritsi is CoinDesk's crypto mining newsman based successful Asia.
One of the world's largest backstage concern firms with $498 cardinal successful assets nether management, Apollo Global Management, has made a large propulsion into crypto by hiring erstwhile JPMorgan enforcement Christine Moy to beryllium its archetypal caput of integer assets strategy, the institution announced Thursday. Bloomberg archetypal reported the news.
"In this recently created position, Christine volition pb integer plus strategy crossed the firm, exploring much ways to use blockchain technologies to our business," Apollo said successful a connection emailed to CoinDesk. "She’ll besides play a cardinal relation successful our strategy to put successful the astir innovative integer plus companies and founders, with a circumstantial absorption connected those transforming the fiscal services assemblage wherever Apollo tin service arsenic a validator and enabler of caller technologies."
Moy spent 18 years astatine JPMorgan Chase & Co. and gained a estimation arsenic 1 of the astir crypto-forward executives successful the industry. Most recently, she was made caput of crypto and metaverse astatine JPMorgan, and was down the bank’s audacious accomplishment successful Ethereum-based Decentraland.
According to Bloomberg's report, Apollo volition look for concern opportunities successful blockchain and Web 3, but volition not beryllium backing projects that don't already person a revenue-generating stream. Investments volition scope betwixt $50 cardinal and $250 million, according to the report.
Apollo is looking beyond bitcoin, "to real-world usage cases similar plus custody, securitizations and marketplaces,” John Zito, lawman main concern serviceman of credit, told Bloomberg.
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Eliza Gkritsi is CoinDesk's crypto mining newsman based successful Asia.
Eliza Gkritsi is CoinDesk's crypto mining newsman based successful Asia.
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