Unbelievable Partnership: Securitize and Apollo Shake Up Private Credit with Tokens!

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In a most curious turn of events, the illustrious Securitize, a veritable titan of tokenization, has joined forces with the esteemed Apollo, a firm so grand it manages a staggering $730 billion in assets—an amount that could make even the most stoic of accountants weep with joy. Together, they have unveiled a tokenized private credit fund, a marvel of modern finance that can be accessed through the Apollo Diversified Credit Securitize Fund (ACRED). One might say they are setting a fine example of how to blend the old-world charm of traditional finance with the futuristic allure of blockchain technology, like a borscht served in a space-age bowl! 🚀

As per a rather grandiloquent press release, Securitize, having already issued more than $1 billion in tokenized assets (a sum that could buy a small country, or at least a very large village), introduced the feeder fund ACRED on a Thursday that will be remembered in the annals of financial history. This fund promises access to the Apollo Diversified Credit Fund, which is described in terms so flowery that one might expect it to be served at a royal banquet: “a diversified global credit strategy investing across corporate direct lending, asset-backed lending, and performing, dislocated, and structured credit.” Quite the mouthful, isn’t it? 🍽️

Now, let us not forget the predictions of industry seers who expect the tokenization sector to soar to a trillion-dollar value by the end of 2023. While it was worth a mere $118.6 billion by September 2024, experts are convinced that the real-world asset tokenization holds a treasure trove of potential, just waiting to be unearthed like a hidden stash of rubles! 💰

Securitize Delivers the Goods

In a post on the social media platform X (formerly known as Twitter, but let’s not dwell on the past), Securitize proclaimed that the partnership with Apollo aims to provide tokenized private credit to “institutional and accredited investors.” ACRED is now available on a veritable smorgasbord of leading blockchain networks, including Aptos, Avalanche, Ethereum, Kraken’s Ink, and Solana. One can only imagine the excitement of investors as they navigate this digital buffet! 🍽️

Securitize x Apollo – Tokenizing Private Credit & Expanding On-Chain Finance

Today, we’re announcing a major milestone in on-chain private credit.

Securitize has partnered with @apolloglobal to launch the Apollo Diversified Credit Securitize Fund $ACRED, bringing tokenized…

— Securitize (@Securitize) January 30, 2025

However, one must acknowledge that moving tokens across these various blockchain networks could become a veritable circus act, but fear not! Securitize has enlisted the help of Wormhole, their official interoperability partner, to ensure that tokens can be transferred with the grace of a ballet dancer, rather than the clumsiness of a drunken bear. 🐻

“This partnership and launch with Securitize is an exciting milestone in our journey to make private markets more accessible and efficient, including Apollo Diversified Credit Fund, which offers diversified exposure to a range of corporate and asset-backed credit.”

Additionally, the co-founder and chief executive of Securitize, Carlos Domingo, revealed that the “next wave of demand for tokenized assets has emerged around fixed income, including private credit,” while adding that the partnership with Apollo will yield results so positive that one might think they’ve discovered a new form of currency! 💸

The RWA Sector: A Popularity Contest

The RWA sector has experienced a surge in demand during this current cycle, akin to a popular carnival game where everyone wants a chance to win. Notable projects like Ondo Finance, with its tantalizing price of $1.60, and Mantra, priced at a delightful $5.68, have achieved significant valuations this cycle, aiming for even higher prices in the days to come. Data reveals that a staggering $16.98 billion in assets have been tokenized on-chain to date, a 12.11% increase in the past 30 days—enough to make any investor’s heart race!

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2025-01-30 22:59