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Stock impact report

Anchorage Digital Bank Launches Global Settlement Network For Digital Assets [Forbes]

Apollo Global Management, Inc. (New) (APO) 
Last apollo global management, inc. (new) earnings: 5/1 07:00 am Check Earnings Report
US:NYSE Investor Relations: apollo.com/shareholders/overview
Company Research Source: Forbes
Nathan McCauley, Anchorage Digital's cofounder and CEO San Francisco's Anchorage Digital Bank, N.A., a federally chartered crypto bank, primarily focused on trust and custodial services, is launching Atlas, a global network designed for the settlement of cash and digital assets. Established in 2017, Anchorage ranks among the largest crypto custodians, overseeing more than $50 billion in assets for institutions such as Citadel Securities-backed EDX Markets and Apollo Global Management , who is also an investor. Other notable backers include Goldman Sachs , Andreessen Horowitz, and the Singaporean sovereign wealth fund GIC. Anchorage, which is not permitted to take deposits and make loans, like most banks, was last valued at $3 billion in December 2021 in a $350 million Series D round, led by KKR. Institutional-grade custody requires robust infrastructure for asset movement. “It's really important for us to cover the gamut of assets that people would like to settle, whether cash Show less Read more
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