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Apollo is expanding its exposure to crypto and other digital assets through a partnership with federally chartered crypto custodian Anchorage Digital. Importantly, despite a decline in the price of bitcoin and other cryptocurrencies this year, institutional investors continue to show an appetite for making crypto a part of their portfolios.
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"As we explore creative ways to apply blockchain technology across Apollo’s business, we look forward to collaborating with Anchorage for the safekeeping of client assets,” Adam Eling, chief operations officer of digital assets at Apollo, said in the release.
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