Apollo, an investment firm managing over $730 billion, has launched a tokenized private credit fund, the Apollo Diversified Credit Securitize Fund (ACRED), in collaboration with Securitize. This marks Apollo's first public on-chain offering for accredited investors and Securitize's integration with Solana and Ink blockchains. The fund, which manages $1.2 billion, focuses on corporate lending and structured credit, yielding an 11.7% return in 2024. Christine Moy from Apollo highlighted the fund's daily subscription model, making it suitable for blockchain markets. There is a growing trend among traditional finance firms towards tokenizing real-world assets, with global private credit assets reaching $2.1 trillion by 2023. Securitize, previously involved in private credit tokenization, emphasizes its growing importance, especially with interest rates potentially decreasing. Using its partnership with Wormhole, Securitize enables a multichain approach. Moy indicates that this tokenization is just the start, with future plans for treasury management and collateral management enhancements.

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