Apollo, an investment company with more than $ 730 billion in assets under administration, offers investors a new private credit fund with the help of Security Token Specialist Securitize.
Accessed through the Food Fund of the Apollo Credit Diversified Securitization Fund (Accred), the Token is the first public offer in the Apollo accredited investor chain and also the first integration to titulize with the Solana block chain, as well as with ink, a layer. 2 network built by Kraken crypto exchange. Ethereum, Aptos, Avalanche and Polygon are also the initial launch for the tokenized background.
Apollo Diversified Credit Fund, which has more than $ 1.2 billion in administered assets, invests in corporate loans, finance backed by assets, as well as a divened and structured loan, the firm said. The fund delivered a 11.7% yield in 2024 compared to around 4.5% in the United States Treasury Bonds.
Christine Moy, a partner who directs digital assets, data and APOL perfect and efficient blockchain.
“For those who try to build a diversified portfolio in the chain in the chain, it serves as a higher complement to the stables, tokenized treasures and monetary market funds,” Moy said in an interview. “But it is also a diversifier for more volatile cryptographic native performance products that exist. Therefore, it can help complete the image of the different assets that I would need in a diversified chain portfolio. “
There has been a kind of hurry among traditional financial companies to tokenize the so -called real world assets (RWAS), with Blockchain -based versions of the US Treasury Bonds. UU. Being the largest and largest market that arises. As of 2023, global private credit assets under administration reached approximately $ 2.1 billion, an increase of four times since a decade before, according to Securitize.
Private credit tokens are less common, but open a new space for chain assets, said the CEO of Securitize, Carlos Domingo.
“Private credit is an area that has been exploiting lately, and we have been among the pioneers in this area of Tokenization that has already launched a first -class private credit fund token with Hamilton Lane,” Domingo said in an interview. “Private credit with higher performance is a good complement to treasure bonds, especially in a scenario with interest rates that decrease.”
Securitize is the Blackrock token partner and the digital transfer agent for the token of the BUIDL money fund of the asset manager. For Apollo, Securitize is using its association with Wormhole, a developer platform that allows different blockchain networks to communicate with each other, offer a multicin approach outside the door.
Apollo has participated in some tests of tokenized assets, such as a proof of concept last year that involves JPMorgan, carried out under the auspices of Project Guardian, a collaboration effort directed by the monetary authority of Singapore (MAS). Moy, a Web3 strategist for a long time that he previously worked in the JPMorgan block chain and led projects such as the Intradía repository, sought to work in areas such as Dentralized Finance (Defi).
“Tokenizing Apollo’s products is just the beginning,” said Moy. “We are excited to collaborate with the leading teams in the digital asset ecosystem to design a modern treasure management, automatically re -assess alternative assets. “
