Apollo Global Management, partnering with Securitize, has introduced a tokenized feeder fund linked to its $2.4 billion Diversified Credit Fund, enabling blockchain access.
The ACRED fund operates on six blockchains including Ethereum and Solana, utilizing Wormhole for cross-chain transfers to enhance liquidity.
Structured as a closed-end interval fund, ACRED aims for income and capital appreciation with lower volatility, indicating a rise in demand for tokenized fixed-income products.
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