The ex-head of the metavseli department in JPMorgan has joined the Apollo Global Management

The head of the ONYX blockchain unit in JPMorgan, Christin, has headed the Apollo Global Management with assets of $ 450 billion. She will invest in Web3 startups, writes Bloomberg.

The top manager received the status of a partner and headed the department of digital assets strategy.

Mine left Jpmorgan in February 2022, having worked in a financial holding of 18 years.

Apollo Global Management is interested in a wide range of projects, including those in which there is a token. Buying the first cryptocurrency and other digital assets, if there is no working business on their database, is not supposed to.

“We look not only at bitcoin, but also at real use options, such as castodians, securitization and marketplaces. We believe in the ecosystem of digital assets, in its potential for a wide transformation of the financial services industry “, – said John Zito, deputy CIO of the company.

According to the representative of Apollo, products such as lending, payments, insurance and licensed payments for content are waiting for changes. In digital form, you can also carry out securitization and KYC, he added.

As a rule, the amount of investment of the company varies in the range from $ 50 million to $ 250 million.

Recall that in April 2022, Goldman Sachs issued the first loan with security in the form of bitcoin. Prior to this, such products were offered by Signature and Silvergate banks.

Shortly before that, the organization’s representative announced the beginning of experiments in the field of real assets tokenization and NFT in relation to financial instruments.

Earlier, Goldman Sachs experts called the blockchain the foundation of the metavselnaya.

The potential of this market was also marked by Bank of America, Citibank and Jpmorgan. The latter in February 2022 opened the representative office of the ONYX blockchain platform in Decentraland.