Private Equity Giant Apollo Global Private Credit Fund for Tokenization in Solana (SOL)
A tokenized version of a major private credit fund managed by Apollo will come to Solana’s
Decentralized financial ecosystem (DEFI), which brings traditional financial instruments closer to the rapidly growing network.
The launch, which has been driving the Lending Platform Kamino Finance with support from the tokenization specialist Securitize and Defi Risk Advisor Steakhouse Financial, aims to make Apollo’s (ACRED) token the first of its type to be available for on-chain borrowing and illumination in Solana. The token debut was pending with the completion of an audit, Kamino said.
The Acred The token, launched in January, offers exposure to Apollo’s private credit techniques and is released under the regulated outline of the Securitize token. The acred will be the first token in Solana using a stoken stoken securitize, with many possessions expected to follow later, Securitize said.
The product emphasizes a growing crypto appetite for real-world assets (RWA) tokenization. RWAs – traditional instruments such as funds, bonds or real estate – are brought to blockchain metals to reduce investment disputes, improve access and transparency, and allow programmed use of defi protocols. In practice, this means that investors can use RWAs as collateral to borrow against, produce farming, or to explore automatic investment techniques.
“The cost of tokenization really plays when these possessions are integrated with the Defi, and new products and techniques are developed around them,” said Reid Simon, head of the DeFI and credit solutions to Securitize.
Despite Solana’s rapidly growing Defi Market, RWAs have not yet left the chain. According to Rwa.xyzSolana has shown $ 330 million worth of RWAs, small compared to nearly $ 9 billion network Defi market size. It is also the trailing rival Layer-1 network of Ethereum’s $ 7 billion real-world asset market. But with big players in the tokenization coming in, supporters of the launch see it as a tipping point.
“Solana has experienced the explosion of consumer growth in recent years, but under the surface we have seen tremendous interest from institutions and possession,” said Marius Ciubotari, co-founder to Kamino, “Finally, the industry is in a position that not only brings these properties to the chain, but to provide real-cases.”
Through Kamino’s many products, users can leverage acred for yield-automatic asset loop techniques to increase exposure while managing collateral levels and borrowing through Solana-siblings intelligent contracts. That is a similar offer to what Gauntlet was introduced to polygon in late April.
“Building off-chain credit assets in a composable way is the type of long-term investment that we believe to help catalyze further Defi growth in Solana,” said ADCV, co-founder of steakhouse financial.
