The bank’s recent tokenization of money market funds with BlackRock dovetails with an institutional DeFi project led by the Monetary Authority of Singapore.
Apollo Global Management made a major push into crypto by hiring former JPMorgan (JPM) executive Christine Moy as its first head of digital assets strategy.
Many high-level executives of traditional technology firms have left their jobs to dive into the metaverse, with Grab’s head of technology, Wui Ngiap Foo, being the latest.