Securitize expands of SEI, debuting Apollo’s $ 112M tokenized tokenized credit fund
Securitize, a platform for tokenizing real-world assets, expands the SEI blockchain with tokenized Apollo Diversified Credit Fund (ACRED) first debuting the network. The move introduces tokenized private credit to SEI at the first time, the firm said.
Acred, which has $ 112 million in total amount according to Rwa.xyz. Only qualified investors can participate, and tokens are interrelated with blockchains through the wormhole, a cross-chain messaging protocol, which allows for easier movements between networks and improvement of liquidity.
The tokenized private credit is part of a broader transition to financial markets where traditional instruments are represented in blockchain systems to speed up adjustments and cut mediators. The real-world asset market is over $ 30 billion, Rwa.xyz Display data.
“Expanding acred in SEI further shows how blockchain’s infrastructure can unlock new paths for investor’s involvement in private credit and accelerate digital change,” said Christine Moy, an Apollo partner and the leader of digital assets, data and AI techniques, in a press release shared with Cindesk.
Other funds will hit SEI in the near future, Securitize said. Securitize has been pokenized by more than $ 3 billion in properties, including offerings from Blackrock, KKR, and Vaneck, the release said.
