Apollo, an investment company with over $ 730 billion in assets under management, investors offer a new tokenized private credit fund using security token specialist Securitize.

The token is accessed via Apollo Diversified Credit Securitize Fund (ACRED) FEED FUND, Tokenet is the first public on-chain offer for accredited investors in Apollo and also the first integration to Securithize with Solana Blockchain, as well as with ink, a layer 2 Network built by Kraken Crypto Exchange. Ethereum, Aptos, Avalanche and Polygon are also initial starter pads for the tokenized fund.

Apollo Diversified Credit Fund, which has more than $ 1.2 billion in managed assets, invests in direct loans to companies, asset-supported financing and execution, dislocated and structured credit, the company said. The fund delivered a return of 11.7% in 2024 compared to approx. 4.5% on US Treasury.

Christine Moy, a partner who leads digital assets, data and AI strategy at Apollo, said the fund was chosen because it has a daily subscription and a daily net worth (NAV) structure suitable for seamless and effective blockchain- based markets.

“For those who try to build a diversified portfolio of chain, it acts as a higher dividend complement to stablecoins, tokenized treasuries and money market funds,” Moy said in an interview. “But it’s also a diversificator for the more volatile crypto -native yield products that are out there. So it can help end the image of the different assets you need in a diversified portfolio of the chain. “

There has been something of a haste among traditional funding companies to tokenize so-called assets in the real world (RWAs), where blockchain-based versions of US Treasury are the largest and most fluid market emerging. From 2023, global private credit assets under management reached approx. $ 2.1 trillion, a quadruple increase from a decade earlier, according to Securitize.

Private credit token are less common, but they open a new space for assets on the chain, said Securitize CEO Carlos Domingo.

“Private credit is an area that has exploded too late, and we have been among the pioneers in this area of ​​tokenization that has already launched a top-tier private credit fund token with Hamilton Lane,” Domingo said in an interview. “Private credit with a higher dividend is a good complement to treasuries, especially in a scenario of interest rates coming down.”

Securitize is the tokenization partner for Blackrock and the digital transfer agent for Asset Manager’s Buidl Money Market Fund Token. For Apollo, Securitize uses its partnership with Wormhole, a developer platform that allows different blockchain networks to communicate with each other and offer a multichal approach out of the gate.

Apollo has participated in some tests of tokenized assets, such as proof of the concept last year involving JPMorgan, performed under the auspices of Project Guardian, a collaborative effort led by the monetary authority in Singapore (MAS). Moy, a long -time web3 strategist that previously worked on JPMorgan’s blockchain and led projects such as Intraday Repo, looked forward to working in areas such as decentralized financing (DEFI).

“Tokenization of Apollo’s products is just the beginning,” Moy said. “We are pleased to collaborate with leading teams in the ecosystem of Digital Assets to design modern Treasury management, automatically repay investment portfolios in scale, smart contract -driven security management and in the future potentially activation of secondary liquidity for alternative assets. “