Earlier in 2021, Apollo announced its affiliates had entered into an agreement to collaborate with Figure on blockchain related initiatives. Figure provides a range of blockchain-enabled solutions for institutions and individuals, including digital fund services that hold the promise of simplifying fundraising, distribution, and secondary trading for the private fund market.
Figure is using Provenance, a public, open source, permissionless, decentralized blockchain, for its digital asset marketplaces including lending, capital table management, fund management and administration, and payments application.
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