In a strategic move that promises to shake up the real-world assets (RWA) market in the crypto space, blockchain asset tokenization giant Securitize has announced a major partnership with Wormhole. Together, the companies are bringing the Diversified Credit Securitize Fund (ACRED), with a whopping $1,3 billion in assets under management (AUM), to the blockchain. Solana.
“Securitize, the leader in tokenizing real-world assets, today announced a partnership with Apollo to tokenize investment opportunities, starting with the launch of a new feeder fund, the Apollo Diversified Credit Securitize Fund (“ACRED”). ACRED provides tokenized access to the Apollo Diversified Credit Fund, a diversified global credit strategy that invests in corporate direct lending, asset-backed lending, and structured, displaced and performing credit.” announced.
The partnership between Securitize and Apollo Global Management was announced on January 31. Furthermore, in its official statement, the company also announced that the launch will also take place on the Aptos, Avalanche, Ethereum, Ink, and Polygon networks.
“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, among others. The launch of ACRED marks the first time investors can access the Apollo Diversified Credit Fund through an on-chain product, streamlining the operational process in a fully digital format through Securitize, including native redemptions at a daily net asset value (“NAV”).”
The collaboration marks Securitize’s debut on the Solana network, suggesting that the leading security tokenization platform may have big plans for the future of blockchain. The initiative represents a milestone in the migration of traditional funds (TradFi) to the world of decentralized finance (DeFi), expanding access to high-quality investments to a wider audience.
The $ACRED fund offers exposure to a variety of investments, including direct corporate lending, asset-backed lending, and structured credit. Tokenizing these assets on blockchains provides greater liquidity, transparency, and efficiency, while also reducing costs and barriers to entry for investors.