Securitize Partners with Apollo to Launch Tokenized Private Credit Fund
Securitize has partnered with Apollo, managing $730 billion in assets, to launch tokenized investment opportunities, including the Apollo Diversified Credit Securitize Fund (ACRED). This initiative exemplifies the merger of traditional finance and blockchain technology.
- Securitize has issued over $1 billion in tokenized assets.
- ACRED offers access to a diversified global credit strategy, encompassing corporate direct lending and structured credit.
- The tokenization sector is projected to reach a trillion-dollar valuation by the end of 2023, having been worth $118.6 billion in September 2024.
- ACRED is available on multiple blockchain networks: Aptos, Avalanche, Ethereum, Kraken's Ink, and Solana.
- Securitize employs Wormhole for cross-chain interoperability to facilitate token transfers.
- Apollo aims to enhance accessibility to private credit markets through this partnership.
- The real-world asset (RWA) sector has seen significant demand, with $16.98 billion in assets tokenized on-chain, marking a 12.11% increase in 30 days.
- The RWA sector is valued at $73.51 billion, with a 37% rise in trading volume recently, totaling $3.95 billion traded in the last 24 hours.