Apollo Global Management, one of the world's largest financial firms, and Securitize have begun rolling out tokenized investment opportunities.
Their first venture involves providing tokenized access to Apollo Diversified Credit Fund, the two firms announced on Thursday. Access to the Apollo Diversified Credit Securitize Fund (ACRED) will "initially be available on the Aptos, Avalanche, Ethereum, Ink, Polygon, and Solana," they said.
Wormhole will allow for tokens to move across the different available blockchains.
"We want crypto DeFi to expand access to institutional-quality products," said Apollo Partner Christine Moy in a post to X. "With 11.7% returns in 2024, ACRED offers today’s generation crypto-native investors a gateway to private credit markets."
Moy added that for investors "building a diversified portfolio on-chain, this offers a higher-yielding complement to stablecoins and tokenized treasuries—plus a diversifier to volatile crypto-native yield products. It’s a key piece for a balanced, on-chain portfolio."
Securitize, which is backed by BlackRock — issuer of the world's largest spot bitcoin ETF by assets under management — specializes in making real-world assets (RWAs) available to both institutional and retail investors. Last year, the firm surpassed $1 billion in tokenized onchain assets.
"The next wave of demand for tokenized assets has emerged around fixed income, including private credit," said Securitize co-founder and CEO Carlos Domingo in a statement.
Earlier this month, Securitize partnered with the digital asset trading firm QCP on a strategy incorporating the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) into Securitize’s yield-generating strategies.
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