Ever wondered how the high-society of finance and technology throw an extravaganza? Ponder no more! The enigmatic Apollo Global Management, a New York Stock Exchange regular, has partnered with the BlackRock-backed Securitize, the platform for tokenizing real-world assets.
On the thirtieth of January, these dashing debutants announced the Apollo Diversified Credit Securitize Fund, or ACRED, a feeder fund aiming to bring private credit onto the blockchain. A non-traded, closed-end interval fund, ACRED offers institutional and accredited investors access to tokenized investment opportunities, promising both current income and capital appreciation.
“Apollo’s expertise in private credit makes them the bee’s knees for tokenizing this category of real-world assets, unlocking broader opportunities for investors,” said Carlos Domingo, Securitize’s co-founder and CEO. Velvet ropes, anyone?
ACRED will initially strut its stuff on Ethereum, Solana, and Aptos, with Avalanche, Polygon, and Ink by Kraken waiting in the wings. And, as if that weren’t enough, Wormhole’s interoperability technology will ensure seamless token transfers across various blockchain networks. Scandalous!
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2025-01-30 22:16