Hamilton Lane and Apollo Global Management will now allow investors to take part in funds by making digital payments on the blockchain, said technology executives taking part in the programs.
Digital transactions conducted with blockchain technology continue to pick up momentum with leading financial institutions, even as the crypto/digital currency world reels from bankrupt broker FTX.
Apollo is also launching a new digital asset fund with the ability for investors to take part via digital currency investments on blockchain, said Provenance Blockchain Foundation CEO Morgan McKenney. “It allows counterparties who don’t know each other to transact,” McKenney said. “With digital money on a blockchain, you don’t need all of those intermediaries and you can allow businesses to accept payments in real-time.”
Earlier this year, KKR & Co. Inc. KKR, +0.26% unveiled plans to tokenize growth fund stakes through a public blockchain.
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