PE mammoth, Apollo, has hired Christine Moy, a former JPMorgan global head of Metaverse, to lead the firm's digital assets strategy.

Apollo plans to make investments between $50 million and $250 million in blockchain and Web3. Moy will lead the strategy and look to apply blockchain technologies to the business.

Moy spent 18 years working at JPMorgan Chase and is known for being a crypto expert in the industry.