Securitize, a platform for tokenizing assets in the real world, is expanded to SEI-blockchain with the tokenized Apollo Diversified Credit Fund (Acred) the first to debut on the network. The move introduces tokenized private credit to SEI for the first time, the company said.
Acred, which has $ 112 million in the total value according to RWA.xyz, acts as a feeder to Apollo’s private credit strategy, which includes business lending, active offers and dislocated credit. Only qualified investors can participate, and the symbols are interoperable across blockchains via wormhole, a cross-chain message protocol that enables easier movement between network and improvement of liquidity.
Tokenized Private Credit is part of a wider shift in the financial markets, where traditional instruments are represented on blockchain systems to speed up settlements and cut intermediaries. The real world market is now over $ 30 billion, Rwa.xyz data shows.
“Acred’s expansion to SEI further demonstrates how blockchain infrastructure can unlock new ways for the investor’s participation in private credit and accelerate digital innovation,” said Christine Moy, a partner in Apollo and the head of digital assets, data and AI strategy, in a press release shared with Coindesk.
Other funds will hit SEI in the near future, Securitize said. Securitize has already tokened over $ 3 billion in assets, including offers from Blackrock, KKR and Vaneck, the release says.
