Apollo Global Management is teaming up with Figure Technologies, a blockchain startup, on several innovative projects, Bloomberg reported.
The initiatives will cover on-chain fund listing, asset securitization and digital marketplaces, applying Figure’s blockchain Provenance.
Figure, founded in 2018, is focused in the upcoming year on other projects, too, including building out Provenance, standardizing a blockchain securitization program, boosting stablecoin payments use and making a comprehensive marketplace for private and public securities.
In other news, crypto infrastructure provider Moonpay will be using Worldpay from FIS for its merchant acquiring needs, according to a press release.
Moonpay, which makes tools allowing web and mobile developers to accept crypto payments, will now be using Worldpay to process credit and debit card purchases and sales of cryptocurrencies, along with nonfungible tokens (NFTs), the release stated.
Meanwhile, CompoSecure, which provides financial payment and crypto storage solutions, will be working alongside Thales Group in order to put out a card from Visa and Crypto.com, according to a press release.
The Crypto.com Visa card lets users load crypto funds and convert them to fiat, solving one of the more common frustrations with crypto, the release stated.
“As the world begins to open up after the pandemic, the Crypto.com Visa Card expects to continue to expand globally, given the increased spending behavior due to the pandemic,” said Crypto.com Co-Founder and CEO Kris Marszalek in the release. “Crypto continues to push into the mainstream and is opening the doors for what is already the most widely available card of its kind on the market.”
Lastly, The operator of Coinschedule.com, which was popular for profiling offerings of digital asset securities, has settled charges with the Securities and Exchanges Commission (SEC) over violating anti-touting laws, according to a press release.
Blotics, which operates Coinschedule, did not disclose the compensation it had gotten from issuers of the digital asset securities, the release stated.
Token issuers reportedly paid the website to profile their offerings, and Kristina Littman, chief of the SEC Enforcement Division’s Cyber Unit, said the offerings were “bought and paid for,” according to the release.
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