Apollo Global Management and Securitize launch ACRED tokenized fund on multiple blockchains, enabling crypto investors to access private credit markets.
ACRED offers a 11.7% return in 2024 and provides on-chain diversification, in addition to stablecoins and tokenized Treasury bonds.
Securitize, backed by BlackRock, plays a key role in the tokenization of real assets, accelerating institutional adoption of decentralized finance.
A major initiative for tokenized finance
Apollo Global Management, one of the world’s largest asset managers, along with Securitize, a platform specialized in tokenizing real-world assets (RWAs) in partnership with BlackRock, is launching a private credit fund accessible on multiple blockchains. The goal of this initiative is to expand the access of crypto investors to institutional products, a rapidly growing sector.
The first product resulting from this collaboration is the Apollo Diversified Credit Fund (ACRED), which will be available in tokenized form on Aptos, Avalanche, Ethereum, Ink, Polygon, and Solana. This multi-chain approach, facilitated by Wormhole, will allow investors to move their assets between the different supported blockchains.
An attractive yield for on-chain investors
ACRED has a yield of 11.7% in 2024, according to Christine Moy, partner at Apollo. This fund serves as a strategic complement for native crypto investors looking to diversify their on-chain portfolio. Unlike stablecoins and tokenized Treasury bonds, this product offers exposure to the private credit markets, which are less volatile than traditional crypto yield products.
Securitize and BlackRock driving institutional adoption
Securitize, backed by BlackRock – the world’s largest asset manager and issuer of the largest Bitcoin Spot ETF – plays a key role in democratizing tokenized real assets. The company has already surpassed $1 billion in on-chain tokenized assets and continues to innovate in digital finance.
Carlos Domingo, co-founder and CEO of Securitize, highlights that the growing demand for tokenized assets is now focused on fixed income products, particularly private credit. The company has recently integrated the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) into its yield strategies, further strengthening its position in the digital asset ecosystem.
A strategic advance for institutional DeFi
With the launch of ACRED, Apollo and Securitize are transforming access to private credit, historically a market reserved for large institutional investors. This initiative is part of a broader trend where decentralized finance (DeFi) is approaching traditional financial markets to offer more stable and attractive yield opportunities.
The rise of tokenized real-world assets (RWAs) marks a new stage in the convergence between traditional finance and blockchain technologies, paving the way for increased institutional adoption of on-chain investments.
