Apollo and Securitize launch tokenized private credit fund on major blockchains

Securitize, the BlackRock-backed tokenized real-world assets platform, has partnered with Apollo Global Management, a company listed on the New York Stock Exchange, to bring private credit on-chain.

On Jan. 30, Apollo and Securitize announced the launch of the Apollo Diversified Credit Securitize Fund, known as ACRED, a feeder fund designed to bring private credit on-chain.

The non-traded, closed-end interval fund provides institutional and accredited investors with access to tokenized investment opportunities. It seeks to generate both current income and capital appreciation and will be available to qualified investors through Securitize Markets, the broker-dealer division of Securitize.

According to the announcement, investors will gain access to a diversified credit strategy, including investments in asset-backed lending and corporate direct lending. The fund also brings performing, dislocated, and structured credit on-chain.

ACRED is structured as a non-traded, closed-end interval fund that aims to deliver stable income and capital appreciation while maintaining low volatility and a low correlation to broader markets.

“The next wave of demand for tokenized assets has emerged around fixed income, including private credit,” said Carlos Domingo, co-founder and chief executive officer of Securitize.

“Apollo’s expertise in private credit makes them an ideal partner in tokenizing this category of real-world assets (“RWA”), unlocking broader opportunities for investors,” the Securitize CEO added.

ACRED will initially go live on select blockchain networks, including Ethereum (ETH), Solana (SOL) and Aptos (APT). Others are Avalanche, Polygon and Ink, the layer-2 blockchain by Kraken.

Additionally, multi-chain support will allow Securitize to leverage Wormhole’s interoperability technology, enabling seamless token transfers across different blockchain networks.