Securitize, a platform to token the assets of the real world, is expanding to the SEI block chain with the diversified credit fund of the Tokenized Apollo (accredit) the first to debut on the network. The measure introduces private credit to SEI for the first time, the firm said.
Accred, which has $ 112 million in total value according to RWA.xyz, acts as a feeder of Apollo’s private credit strategy, which includes corporate loans, agreements supported by assets and dislocated credit. Only qualified investors can participate, and tokens are interoperable through Blockchains through Wormhole, a cross messenger protocol, which allows an easier movement between networks and the improvement of liquidity.
Token private credit is part of a broader change in financial markets in which traditional instruments are represented in blockchain systems to accelerate settlements and eliminate intermediaries. The real world asset market is now above $ 30 billion, as shown in the data RWA.XYZ.
“The expansion of Accred a SEI demonstrates even more how Blockchain infrastructure can unlock new roads for the participation of investors in private credit and accelerate digital innovation,” said Christine Moy, Apollo partner and director of digital assets, data and AI strategy, in a press release shared with Coindesk.
Other funds will affect SEI in the near future, said Securitize. Securitize has already played more than $ 3 billion in assets, including Blackrock, KKR and Vaneck, according to the statement.
