Apollo and Securitize team up for launch of tokenised access to credit fund The Block

Securitize, a specialist in tokenising real-world assets, has teamed up with Apollo to tokenise investment opportunities, beginning with the launch of a new feeder fund, Apollo Diversified Credit Securitize Fund (ACRED).

ACRED offers tokenised access to Apollo Diversified Credit Fund, a diversified global credit strategy investing across corporate direct lending, asset-backed lending, and performing, dislocated and structured credit.

ACRED is initially available on the Aptos, Avalanche, Ethereum, Ink, Polygon, and Solana networks, includes Ethereum ecosystem support from Etherealize, and investment from Coinbase Asset Management and Kraken, amongst others. The launch of ACRED marks the first time that investors can access Apollo Diversified Credit Fund through an on-chain product, simplifying the operational process in an all-digital format through Securitize, including native redemptions at a daily net asset value (NAV).

With the launch of ACRED across multiple chains, Securitize will leverage its official interoperability partner, Wormhole, to enable tokens to move seamlessly across different blockchain ecosystems, enhancing liquidity and accessibility. 

Qualifying investors seeking to participate in ACRED can do so exclusively via Securitize Markets, the broker-dealer subsidiary of Securitize. Securitize also serves as ACRED’s digital transfer agent and fund administrator.

Earl Hunt, Apollo partner and president of Apollo Diversified Credit Fund, said: “This partnership and launch with Securitize is an exciting milestone in our journey to make private markets more accessible and efficient, including Apollo Diversified Credit Fund which offers diversified exposure to a range of corporate and asset-backed credit.”

Apollo partner Christine Moy added: “This tokenisation not only provides an on-chain solution for Apollo Diversified Credit Fund, but also could pave the way for broader access to private markets through next generation product innovation, greater secondary liquidity, and efficiency over time. We believe ACRED is already proving attractive to both institutional and individual investors, and we’re excited to work with these new digital asset ecosystems to build the future of investments.” 

“The next wave of demand for tokenised assets has emerged around fixed income, including private credit,” said Carlos Domingo, co-founder and CEO of Securitize. “Apollo’s expertise in private credit makes them an ideal partner in tokenising this category of real-world assets, unlocking broader opportunities for investors.”

Apollo Diversified Credit Fund is a non-traded, closed-end interval fund seeking both current income and capital appreciation, with low volatility and low correlation to the broader markets.

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Tags: Apollo, fund management, Securitize, token