Apollo will work with Figure to apply its affiliated blockchain, Provenance, to projects like an on-chain fund listing, asset securitization and digital marketplaces, the firms said on Wednesday. San Francisco-based Figure, which applied for a bank charter in November, has already used blockchain for loan origination, equity management, private fund services and payments. Figure was founded in 2018 by Mike Cagney, the former chief executive officer of Social Finance Inc., and was valued at $3.2 billion in May. In the next year, the firm is focused on building out Provenance, standardizing a blockchain securitization platform, increasing use of stablecoin payments and creating a competing marketplace for private and public securities, Cagney said.

https://www.bloomberg.com/news/articles/2021-07-14/apollo-joins-forces-with-blockchain-startup-figure-in-tech-push?sref=EcccZSTc