Apollo and Securitize Launch Multi-Chain Tokenized Credit Fund
- Editor
- Feb 1
- 1 min read
What's Happening
Apollo and Securitize are partnering to tokenize investment opportunities, launching a new feeder fund called ACRED that provides tokenized access to Apollo's Diversified Credit Fund across six major blockchain networks.
The Key Moves
The fund is launching simultaneously on Aptos, Avalanche, Ethereum, Ink, Polygon, and Solana networks, with cross-chain functionality enabled by Wormhole
Investors can access the fund exclusively through Securitize Markets, with native redemptions available at daily NAV
The platform integrates support from major players including Etherealize, with investments from Coinbase Asset Management and Kraken
Key Players
Earl Hunt - Partner at Apollo and President of Apollo Diversified Credit Fund
Christine Moy - Partner at Apollo
Carlos Domingo - Co-founder and CEO of Securitize
By The Numbers
Apollo manages approximately $733 billion in assets as of September 30, 2024
The fund is available across 6 different blockchain networks
This marks the first time Apollo's Diversified Credit Fund is available as an on-chain product
Key Quotes
"The next wave of demand for tokenized assets has emerged around fixed income, including private credit" - Carlos Domingo, highlighting the strategic timing of the launch
The Wrap
This partnership represents a significant move in bringing traditional finance on-chain, particularly in the private credit sector, potentially setting a precedent for how major asset managers can leverage blockchain technology to enhance access to institutional-grade investment products.
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