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!
Read More
- ‘This Is Not A Show Where Necessarily The Best Dancer Wins.’ Cheryl Burke Admits She Would Have Preferred Season 33 Winner, And Never Have Truer Words Been Spoken
- Deva: Shahid Kapoor starrer’s director Rosshan Andrrews reveals idea behind his character; ‘he has a ‘don’t care’ attitude
- Angus MacInnes, ‘Star Wars’ Actor, Dies at 77
- ‘Scream 7’ Officially Adds Courteney Cox as Gale Weathers
- Zendaya for Louis Vuitton x Murakami Campaign Surfaces Online
- Bitcoin Mentions on X Grow by 65% Reaching 140M in 2024
- Marvel Rivals Best PC Settings
- James Bond Gets a New Favorite in ‘Challengers’ Star Josh O’Connor
- Binance to Delist WRX Token, Causing 40% Crash in 1 Hour
- XRP price slips as RLUSD market cap hits $53m, liquidations rise
2025-01-30 22:16