Private equity major Apollo Global Management has chosen Anchorage Digital to provide custody services for its digital assets holdings.
As the USA’s first federally chartered digital asset bank, Anchorage expects to custody a significant portion of the alternative asset manager’s digital asset portfolio.
A segment from Apollo’s Adam Eling, the firm’s COO of digital assets said that the it was drawn to working with Anchorage by the company’s “commitment to operating under strict regulatory oversight, their strong emphasis on security and segregation of client assets, and their ease of use for asset managers to hold digital tokens”
Anchorage Digital is a regulated crypto platform that provides institutions with integrated financial services and infrastructure solutions. Founded in 2017, Anchorage is valued at over $3 billion with funding from leading institutions including Andreessen Horowitz, GIC—Singapore’s sovereign wealth fund, Goldman Sachs, KKR, and Visa.
