- Securitize and Apollo have teamed up to launch a diversified credit fund.
- The Apollo Diversified Credit Securitize Fund, ACRED, goes live on Aptos, Avalanche, Ethereum, and Solana blockchains.
Tokenization platform Securitize has partnered with $730 billion alternative asset manager Apollo to bring a new tokenized credit fund on-chain.
Securitize announced on Jan. 30 that it had collaborated with the NYSE-listed Apollo to launch the Apollo Diversified Credit Securitize Fund on several major blockchains.
The fund, ACRED, will offer tokenized access to a diversified credit strategy, with support available on Solana, Ethereum, Aptos, Ink, Avalanche and Polygon networks.
BREAKING: APOLLO TOKENIZES $1.2B PRIVATE CREDIT FUND
The $730B investment giant just launched ACRED, on-chain access to their Diversified Credit Fund, across 6 chains:
Ethereum, Solana, Ink, Aptos, Avalanche, Polygon
11.7% yield in 2024, managed by one of the world's top… pic.twitter.com/1PpIwpyQkV
— RWA.xyz (@RWA_xyz) January 30, 2025
It’s the first time the ACRED fund is available on-chain to qualified institutional investors.
“This tokenization not only provides an on-chain solution for Apollo Diversified Credit Fund, but also could pave the way for broader access to private markets through next generation product innovation, greater secondary liquidity, and efficiency over time,” Apollo partner Christine Moy said.
On-chain private credit market
To enable multichain support, Securitize is leveraging its integration with interoperability provider Wormhole.
Bringing fixed income and private credit on-chain adds to the tokenization momentum that has seen major players such as BlackRock, Franklin Templeton, Hamilton Lane and KKR among others bring funds on to the blockchain.
In a comment, Securitize co-founder & CEO Carlos Domingo noted;
“The next wave of demand for tokenized assets has emerged around fixed income, including private credit. Apollo’s expertise in private credit makes them an ideal partner in tokenizing this category of real-world assets (“RWA”), unlocking broader opportunities for investors.”
The tokenized private credit market allows investors to earn real yield from providing loans to global businesses, with the sector a $1.6 trillion market in the traditional finance ecosystem.
Currently, the tokenized private credit market accounts for about $21 billion in total on-chain loans, about $11.7 billion of which is active on various protocols.
