Asset managers Apollo Global Management and Hamilton Lane are launching investment vehicles on the blockchain using technology developed by fintech firm Figure.
Figure said in a statement that the investment firms will leverage Figure’s Digital Fund Services (DFS) platform, which will support on-chain fund subscriptions as well as ongoing fund operations and management.
Investors will also benefit from DFS’ Universal Passport feature, which enables an anonymous record of verified know-your-client credentials to be stored on-chain and used across multiple funds, the company said.
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