According to Deep Tide TechFlow news on January 30, reported by The Block, one of the world's largest financial firms, Apollo Global Management, announced a partnership with Securitize to launch tokenized investment opportunities.
The first project is the Apollo Diversified Credit Securitize Fund (ACRED), which will be launched on multiple blockchains including Aptos, Avalanche, Ethereum, Ink, Polygon, and Solana, and will achieve cross-chain functionality through Wormhole.
Apollo partner Christine Moy stated that the fund achieved a return of 11.7% in 2024, providing crypto-native investors with opportunities to enter the private credit market.