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Apollo Global Management and Securitize have launched a tokenized feeder fund enabling blockchain-based access to Apollo’s $2.4 billion Diversified Credit Fund across six blockchain networks.
Apollo, Securitize Launch Tokenized Credit Fund Across Six Blockchains
The Apollo Diversified Credit Securitize Fund (ACRED) will provide exposure to Apollo’s global credit strategy, which includes corporate direct lending and asset-backed credit. The fund is available on Aptos, Avalanche, Ethereum, Polygon, Solana, and the blockchain interoperability network Ink.
Ethereum support is facilitated by Etherealize, with Coinbase Asset Management and Kraken among early investors. The announcement shared with Bitcoin.com News says ACRED tokens will use Wormhole, Securitize’s interoperability partner, to enable cross-chain transfers, aiming to improve liquidity.
Investors can access the fund exclusively through Securitize Markets, the firm’s broker-dealer subsidiary. The release also notes that Securitize will also serve as the fund’s transfer agent and administrator. Apollo executives stated the partnership seeks to streamline private market access through blockchain efficiency and secondary liquidity.
The fund is structured as a non-traded, closed-end interval fund targeting current income and capital appreciation with lower volatility than public markets. Securitize CEO Carlos Domingo emphasized growing demand for tokenized fixed-income products, calling Apollo’s credit expertise a catalyst for broader real-world asset (RWA) adoption.
The two firms did not disclose minimum investment thresholds or fee structures. ACRED marks Apollo’s first onchain fund product. It follows Blackrock’s 2024 tokenized money market fund launch, signaling institutional momentum for blockchain-based private market offerings. Securitize disclosed that the fund’s daily net asset value (NAV) redemptions and digital operational framework aim to address traditional bottlenecks in private credit access.