Apollo Global's tokenized private credit fund, the ACRED token, is set to debut in Solana's decentralized finance (DeFi) ecosystem, orchestrated by Kamino Finance in collaboration with Securitize and Steakhouse Financial. The initiative aims to make exposure to Apollo's private credit strategies available for on-chain borrowing and leverage. This brings a growing trend of tokenized real-world assets (RWAs) closer to crypto investors, as RWAs like funds and bonds are being integrated into DeFi to enhance access and transparency. Kamino plans to employ a leveraged yield strategy called 'looping' with ACRED. Currently, Solana hosts a modest $330 million worth of RWAs, trailing behind Ethereum's larger RWA market. The introduction of ACRED is seen as a pivotal move to spark institutional interest in RWAs within Solana's DeFi space.

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