A tokenized version of an important private credit fund administered by Apollo will arrive in Solana’s
Decentralized Finance Ecosystem (DEFI), bringing traditional financial instruments to the rapid growth network.
The launch, orchestrated by the Kamino Finance loan platform with the support of the tokenization specialist Securitize and Defi Risk Advisor Steakhouse Financial, aims to make the Diversified Credit Sastitization Fund (accred) of Apollo the first of its type available for loans and leverage of Solana. Token’s debut is aware of completing an audit, said Kamino.
The Token Accredo, launched in January, offers exposure to Apolo’s private credit strategies and is broadcast under the regulated token frame of Securitize. Accred will also be the first Token in Solana using the Securitize Stoken standard, and it is expected to continue more active later, said Securitize.
The product underlines an increasing appetite in cryptography for the token of the real world asset (RWA). The RWA, traditional instruments such as funds, bonds or real estate, are being taken to Blockchain rails to reduce friction in investment, improve access and transparency, and allow programmable use in the DEFI protocols. In practice, this means that investors can use RWA as a guarantee to borrow, produce agriculture or connect to automated investment strategies.
“The value of the tokenization really comes into play when these assets are integrated into defi, and new products and strategies are developed around them,” says Reid Simon, head of defi and credit solutions in Securitize.
Despite the Fast Growth Market of Solana, Rwas has not yet taken off from the chain. According to Rwa.xyz, Solana houses $ 330 million in RWAS, small compared to the size of the defi market of almost $ 9 billion of the network. It is also a rival network of the Ethereum rival-1 network, the real world asset market of $ 7 billion. But with the great players in the tokenization, the sponsors of the launch see this as a turning point.
“Solana has experienced an explosive growth of the consumer in recent years, but under the surface we are seeing an enormous interest of the institutions and assets of assets,” said Marius Ciubotariu, co -founder of Kamino, “finally, the industry is in a position not only to take these assets to the chain, but also to provide genuine houses.”
Through Kamino’s multiply product, users will be able to take advantage of the accredal performance strategies, automatically the asset to increase the exposure while managing the guarantee levels and provided through Native Intelligent contracts of Solana. That is an offer similar to what Gauntlet introduced in Polygon at the end of April.
“Building in the credit assets outside the chain in a compound way is the type of long -term investment that we believe can help catalyze a greater growth of Defi in Solana,” said ADCV, co -founder of Steakhouse Financial.
