PANews reported on January 30 that according to official news, Apollo, an investment company with more than $730 billion in global assets under management, has launched a tokenized private credit fund and has cooperated with Securitize, Solana and Ink blockchains. The fund will provide investors with direct loans, asset-backed financing and structured credit for on-chain enterprises, and access the multi-chain ecosystem through the Apollo Diversified Credit Securitize Fund (ACRED). In the future, it will also support Ethereum, Aptos, Avalanche and Polygon.
Apollo Diversified Credit Fund currently manages over $1.2 billion in assets, with a return rate of 11.7% in 2024, far exceeding the 4.5% return on U.S. Treasury bonds during the same period. Christine Moy, head of Apollo Digital Assets, said that the fund's daily subscription and net asset value (NAV) calculation model make it more suitable for on-chain financial markets and can serve as a high-yield supplement to stablecoins, tokenized treasury bonds and money market funds.
Securitize CEO Carlos Domingo pointed out that the private credit tokenization market is still in its early stages, but its high-yield characteristics are a good complement to government bonds, especially in the context of falling interest rates. Apollo has previously participated in tokenized asset tests such as Project Guardian led by the Monetary Authority of Singapore (MAS). The company plans to further explore decentralized finance (DeFi), smart contract-driven collateral management, and secondary market liquidity for alternative assets.