Apollo Unveils Tokenized Private Credit Fund as Blockchain Deepens TradFi Links

Key Points

  • Apollo, with over $730 billion in assets, introduces a tokenized private credit fund through Securitize.
  • The fund, accessible via ACRED, is the first public on-chain offering for accredited investors on Solana, Ink, Ethereum, Aptos, Avalanche, and Polygon.
  • The Apollo Diversified Credit Fund, with $1.2 billion in assets, offers a high yield of 11.7% in 2024, significantly outperforming U.S. Treasuries.
  • The tokenized fund aims to provide a diversified, high-yield investment option for on-chain portfolios, complementing stablecoins and tokenized treasuries.

Summary

Apollo, a major investment firm, has launched a new tokenized private credit fund in collaboration with Securitize, marking a significant step in integrating traditional finance with blockchain technology. This fund, known as the Apollo Diversified Credit Securitize Fund (ACRED), is accessible to accredited investors and is the first of its kind to be offered on multiple blockchain platforms including Solana, Ink, Ethereum, Aptos, Avalanche, and Polygon. The fund, which manages over $1.2 billion in assets, focuses on various credit types and has shown a robust performance with an 11.7% return in 2024, far exceeding the returns from U.S. Treasuries. Christine Moy from Apollo highlighted the fund's suitability for blockchain markets due to its daily subscription and net asset value structure, positioning it as a high-yield, diversified option for on-chain investment portfolios. This move reflects a broader trend among traditional finance firms to tokenize real-world assets, with private credit tokens emerging as a new frontier in blockchain-based investments.

coindesk
January 31, 2025
Crypto
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