– Securitize launches Apollo’s $112M tokenized credit fund on Sei blockchain – ACRED introduces tokenized private credit to Sei via Wormhole protocol – Real-world asset market surpasses $30 billion, RWA.xyz data reveals – Securitize has tokenized over $3 billion in assets, including BlackRock
Securitize is expanding to the Sei blockchain with the introduction of the tokenized Apollo Diversified Credit Fund (ACRED). This marks the first instance of tokenized private credit on Sei.
- ACRED holds a value of $112 million and feeds into Apollo’s private credit strategy, which includes corporate lending and asset-backed deals.
- Participation is limited to qualified investors.
- Tokens are interoperable across blockchains via Wormhole, enhancing liquidity by facilitating easier network transitions.
The move is part of a trend to tokenize traditional financial instruments to expedite settlements and reduce intermediaries. The real-world asset market exceeds $30 billion according to RWA.xyz.
Securitize has already tokenized over $3 billion in assets, including offerings from major firms like BlackRock, KKR, and VanEck. Further fund launches on Sei are anticipated.