Securitize and Apollo Global Management Launch Tokenized Credit Fund
- Securitize has partnered with Apollo Global Management to launch the Apollo Diversified Credit Securitize Fund (ACRED).
- The fund offers blockchain-based access to private credit investments, managing over $1.2 billion in assets.
- ACRED is available on multiple blockchains, including Solana, Ethereum, Aptos, Avalanche, Polygon, and Ink.
- The fund delivered an 11.7% return in 2024, outperforming the 4.5% yield on U.S. Treasuries.
- Securitize uses Wormhole for cross-chain functionality to facilitate seamless asset transfers.
The collaboration between Securitize and Apollo Global Management introduces a tokenized private credit fund that leverages multichain blockchain networks to enhance liquidity and accessibility for accredited investors.
Source (2.6)https://coingape.com/securitize-taps-solana-to-expand-tokenized-rwas-offering/?rand=24432