Apollo Launches New Tokenized Private Credit Fund Strengthening Blockchain Ties
Apollo's new tokenized private credit fund introduces on-chain access for investors, marking a significant milestone in blockchain integration for the firm.
Apollo Launches New Tokenized Private Credit Fund Strengthening Blockchain Ties
The Apollo Diversified Credit Fund digital offering represents the first integration for Securitize with the Solana and Ink blockchains.
What to Know:
- The tokenized fund provides investors with on-chain access to corporate direct lending as well as structured credit investments.
- It will also debut on Ethereum, Aptos, Avalanche, and Polygon.
Apollo, managing over $730 billion in assets, is launching a tokenized private credit fund in collaboration with Securitize, a specialist in security tokens. This new financial product offers a public on-chain investment opportunity attracting accredited investors for the first time, particularly leveraging Solana and Ink blockchain technologies. Securitize will utilize its partnership with Wormhole to facilitate a multichain approach.
The Apollo Diversified Credit Fund, with over $1.2 billion in assets, invests in various lending categories, and reported higher returns compared to traditional U.S. Treasuries. Christine Moy from Apollo expressed that the fund is tailored for efficient blockchain-based markets, while Securitize’s Carlos Domingo emphasized the fast-growing space of private credit in the on-chain landscape.
CoinDesk highlights the current trend among traditional finance entities racing to tokenize real-world assets, marking a significant growth from $2.1 trillion in private credit assets globally.
This initiative reflects a broader ambition for Apollo and Securitize to innovate in digital finance, as they adapt to changing market demands through cutting-edge blockchain solutions.
