Recent searches
Search options
#Apollo, one of the largest private equity / private credit companies on the planet (they manage half a trillion dollars, more than the GDP of many countries) is about to build a marketplace to dump their (overvalued) investments on the public.
realistically at the valuations they are currently giving these assets - valuations other investors would not pay for them - dumping everything on the public is their best way out of the pickle they have found themselves in.
this will be completely legal because they will "tokenize" these assets "on the #blockchain", which will mean the #SEC has no oversight over this new market. standard disclosures about ownership, cash flows, and so one will not be required.
this is why the private equity industry (in particular #Blackrock, the other 200 kg gorilla in the field) has been super gung ho about "#tokenization".
2/ Matt Levine with the great explanation of what's going on with #Apollo's #tokenization schemes if you're into that:
https://substack.com/profile/96801203-michel-de-cryptadamus/note/c-91370659?
@cryptadamist
Didn't realise Blackrock was in that much trouble.