Blockchain (RWA) Centrifuge and Plume headquarters have launched the Apollo Diversified Credit Fund (ACRDX) of Anemoy Tokenized, backed by an anchor investment of $ 50 million Grove, a credit infrastructure protocol within the Sky ecosystem.
The fund provides Blockchain investors exposure to the diversified Global Credit Strategy of Apolo, which covers direct corporate loans, loans backed by assets and dislocated credit, an incorrect type of debt due to market stress and lack of liquidity.
ACRDX will be distributed through the Nest Plume credit vaults under the Nacrdx ticket, which makes the strategy accessible to institutional investors in the chain. When packing the Apollo portfolio in a tokenized form, the fund aims to reduce entry barriers and increase transparency for investors seeking exposure to private credit markets, according to a press release.
Apollo, an asset administrator of more than $ 600 billion, is one of several active traditional financial companies and exploring blockchain rails. His head of digital assets, Christine Moy, said the initiative expands access to institutional degree strategies while helping to “build the defi economy of the chain” together with Grove and Centrifuge.
The product combines the management of Apollo investments with the tokenization infrastructure of the centrifuge and the block chain with real world assets. Chronicle will serve as a Oracle supplier, and Wormhole will handle the connectivity of the cross chain. Subject to approval, Anemoy will supervise the fund as manager.
