Blockchain-based real World Assets (RWA) Specialists Centrifuge and Plume has launched Anemoy Tokenized Apollo Diversified Credit Fund (ACRDX), supported by a $ 50 million anchor investing from Grove, a credit infrastructure protocol within Sky Ecosystem.
The fund provides blockchain investors exposure to Apollo’s diversified global credit strategy, which spans direct loans, asset-supported lending and staggered credit, a type of wrong price due to market stress and lack of liquidity.
ACRDX will be distributed through Plume’s Nest Credit Vaults under Ticker Nacrdx, making the strategy available to institutional investors on chain. By packing Apollo’s portfolio in tokenized form, the fund aims to lower input barriers and increase the transparency of investors seeking exposure to private credit markets, according to a press release.
Apollo, a $ 600 billion plus active manager, is one of several traditional financing companies that are active N that explores Blockchain rails. Its digital assets leader Christine Moy said the initiative is expanding access to institutional quality strategies while helping to “build the Onchain Defi Economy” with Grove and Centrifuge.
The product combines Apollo’s investment management with the centrifuge’s tokenization infrastructure and Plume’s real asset-focused blockchain. Chronicle will act as an Oracle provider and Wormhole will handle transverse chain connection. Subject to approval, Anemoy will supervise the fund as manager.
