Securitize, a tokenization platform, has teamed up with Apollo, a major alternative asset manager worth $730 billion. They announced their partnership on January 30, aiming to launch the Apollo Diversified Credit Securitize Fund, known as ACRED, on multiple blockchains.
This fund will provide tokenized access to a diversified credit strategy. It will be available on popular networks like Solana, Ethereum, Aptos, Ink, Avalanche, and Polygon. This marks the first time the ACRED fund is accessible on-chain for qualified institutional investors.
Christine Moy, a partner at Apollo, highlighted that this tokenization offers an on-chain solution for the Apollo Diversified Credit Fund. She believes it could lead to wider access to private markets through innovative products, improved secondary liquidity, and increased efficiency over time.
To support multiple blockchains, Securitize is using its integration with Wormhole, an interoperability provider. The move to bring fixed income and private credit on-chain adds to the growing trend of tokenization. Major financial players like BlackRock and KKR have also started bringing their funds onto the blockchain.
Carlos Domingo, co-founder and CEO of Securitize, mentioned that there is a rising demand for tokenized assets, especially in fixed income and private credit. He sees Apollo’s expertise in this area as a perfect match for tokenizing real-world assets, which opens up more opportunities for investors.
The tokenized private credit market allows investors to earn returns by lending to businesses worldwide.
