US alternative asset manager, Apollo, has launched a new feeder fund to give investors tokenised access to its diversified credit strategy.
The Apollo Diversified Credit Securitize Fund (Acred) allows investors tokenised access to its Diversified Credit Fund, which invests in corporate direct loans, asset backed securities and structured credit.
Apollo, which had US $733 billion in assets as at the end of September 2024, said the new feeder fund is now available on several digital asset networks including Aptos, Avalanche, Ethereum, Ink, Polygon and Solana.
“This tokenisation not only provides an on-chain solution for the Apollo Diversified Credit Fund, but also could pave the way for broader access to private markets through next generation product innovation, greater secondary liquidity, and efficiency over time,” said Christine Moy, partner at Apollo.
“We believe Acred is already proving attractive to both institutional and individual investors, and we’re excited to work with these new digital asset ecosystems to build the future of investments.”
The asset manager has partnered with Securitize Markets on the launch. The deal has again showed Securitize as the preferred partner for top tier buy-side firms looking to tokenise funds. It has previously announced partnerships with BlackRock, Hamilton Lane and KKR, among others.
“The next wave of demand for tokenised assets has emerged around fixed income, including private credit,” said Carlos Domingo, CEO of Securitize.
“Apollo’s expertise in private credit makes them an ideal partner in tokenising this category of real-world assets, unlocking broader opportunities for investors.”
