PANews reported on October 28th that according to The Block, Coinbase Asset Management announced on Monday that it has partnered with Apollo Global Management, one of the world's largest asset management firms, to expand the crypto exchange's stablecoin lending services portfolio. According to the statement, Coinbase Asset Management and Apollo will jointly explore strategies including overcollateralized asset lending, direct corporate lending, and tokenized credit asset holdings. These services will allow users to borrow against their digital assets, lend directly to borrowers, and provide "tokenized investment products with access to Apollo-managed credit strategies." Apollo and Coinbase plan to bring credit investment products to market next year. Coinbase already allows some US customers to borrow up to $100,000 against their digital assets.PANews reported on October 28th that according to The Block, Coinbase Asset Management announced on Monday that it has partnered with Apollo Global Management, one of the world's largest asset management firms, to expand the crypto exchange's stablecoin lending services portfolio. According to the statement, Coinbase Asset Management and Apollo will jointly explore strategies including overcollateralized asset lending, direct corporate lending, and tokenized credit asset holdings. These services will allow users to borrow against their digital assets, lend directly to borrowers, and provide "tokenized investment products with access to Apollo-managed credit strategies." Apollo and Coinbase plan to bring credit investment products to market next year. Coinbase already allows some US customers to borrow up to $100,000 against their digital assets.
Coinbase partners with Apollo to expand stablecoin lending
PANews reported on October 28th that according to The Block, Coinbase Asset Management announced on Monday that it has partnered with Apollo Global Management, one of the world's largest asset management firms, to expand the crypto exchange's stablecoin lending services portfolio. According to the statement, Coinbase Asset Management and Apollo will jointly explore strategies including overcollateralized asset lending, direct corporate lending, and tokenized credit asset holdings. These services will allow users to borrow against their digital assets, lend directly to borrowers, and provide "tokenized investment products with access to Apollo-managed credit strategies." Apollo and Coinbase plan to bring credit investment products to market next year. Coinbase already allows some US customers to borrow up to $100,000 against their digital assets.
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