Backed by Blackstone Group, the tokenized Thriving & Declining Real Estate Markets: An Examination of American House Values estate asset platform Securitize has collaborated with Apollo Global Management, which is publicly traded on the New York Stock Exchange, to shift private credit onto the blockchain.
On January 30, Apollo and Securitize announced together the introduction of the Apollo Diversified Credit Securitize Fund, known as ACRED, which seeks to integrate private credit into the blockchain environment.
This non-traded closed-end interval fund provides tokenized investment options for institutional and accredited investors. Its objective is to generate current income and capital growth, accessible to eligible investors through Securitize’s brokerage arm, Securitize Markets.
As per the announcement, investors will have the chance to participate in diversified credit strategies, which include investments in asset-backed loans and direct corporate lending. The fund will also incorporate blockchain investments in high-yield, unbalanced, and structured credit.
ACRED is structured as a non-traded closed-end interval fund focused on delivering consistent income and capital growth while ensuring low volatility and reduced correlation with the overall market.
“The upcoming surge in demand for tokenized assets is surfacing in the fixed income sector, particularly private credit,” remarked Carlos Domingo, co-founder and CEO of Securitize.
“Apollo’s proficiency in private credit positions them as an excellent partner for tokenizing this category of real-world assets (RWA), opening up wider opportunities for investors,” the CEO of Securitize further stated.
ACRED will initially be launched on selected blockchain platforms including Ethereum (ETH), Solana (SOL), and Aptos (APT). Additional networks include Avalanche, Polygon, and Kraken’s layer-two blockchain, Ink.
Furthermore, facilitating various chains will allow Securitize to utilize Wormhole’s interoperability capabilities for smooth token exchanges across diverse blockchain platforms. Whale Notice: $3.1 Million USDC Sent to Hyperliquid for $HYPE Purchase
