New Tokenized Credit Fund Launched by Securitize and Apollo
Key Points:
- Securitize and Apollo join forces to launch a tokenized credit fund.
- The Apollo Diversified Credit Securitize Fund (ACRED) is now live on multiple blockchains.
Securitize and Apollo have partnered to introduce a new tokenized credit fund called the Apollo Diversified Credit Securitize Fund, offering tokenized access to a diversified credit strategy across various blockchains.
The ACRED fund is now accessible on Solana, Ethereum, Aptos, Ink, Avalanche, and Polygon networks, marking a significant move in the tokenization space.
Breaking News:
BREAKING: APOLLO TOKENIZES $1.2B PRIVATE CREDIT FUND
The $730B investment giant just launched ACRED, providing on-chain access to their Diversified Credit Fund on 6 chains.
Impressive 11.7% yield in 2024, managed by top professionals.
— RWA.xyz (@RWA_xyz) January 30, 2025
The tokenization of the ACRED fund on-chain is a groundbreaking move for qualified institutional investors, offering new opportunities for market participation.
On-chain Private Credit Market
To support multichain functionality, Securitize is utilizing its integration with interoperability provider Wormhole.
Bringing fixed income and private credit on-chain adds to the growing trend of tokenization in the financial sector, with major players like BlackRock, Franklin Templeton, and KKR embracing blockchain technology.
Securitize co-founder & CEO Carlos Domingo expressed, “The demand for tokenized assets in fixed income, including private credit, is on the rise. Apollo’s expertise in private credit makes them a perfect partner for tokenizing real-world assets, unlocking opportunities for investors.”
The tokenized private credit market enables investors to earn real yield by providing loans to global businesses, tapping into a $1.6 trillion market in traditional finance.
Currently, the tokenized private credit market holds about $21 billion in total on-chain loans, with approximately $11.7 billion active across various protocols.