Issuing a digital gilt was a key recommendation of the Asset Management Task Force’s work on tokenization.
BUIDL will be able to be used in blockchain-based financial products and infrastructure across ecosystems.
Ongoing consolidation is expected in crypto asset management.
The ETP is the first product launched by Bitwise since its acquisition of ETC Group in August.
Alternatives are a strategic priority for many financial services firms.
The initiative will expand into Europe, beginning with Belgium and Luxembourg.
Apollo has set a target of reaching $275bn of annual origination volumes in the next five years.
Chappuis was formerly co-head of Morgan Stanley Investment Management.
Phil Middleton, current CEO Americas, will become Head of UK for Schroders.
