 Apollo launches tokenized private credit fund 
2025-01-31
Category: None

Private equity firm Apollo Global Management has partnered with Securitize to launch a tokenized private credit fund, according to a Jan. 30 announcement. 
The Apollo Diversified Credit Securitize Fund (ACRED) will tokenize shares of its Apollo Diversified Credit Fund. It holds a diverse portfolio of private credit assets, including direct loans to corporations and asset-backed loans, Securitize said in a statement shared with Cointelegraph. 
The fund earned an annualized return of more than 11% in the past year and more than 5.5% since inception, according to Apollo’s website. Access is limited to qualified investors. 
The tokenized fund will operate on blockchain networks including Solana, Ethereum, Avalanche, Polygon, Aptos and Ink. It is the first time Securitize, a real-world asset (RWA) tokenization platform, has launched tokenized funds on Solana or Ink, it said. 
“This tokenization not only provides an on-chain solution for Apollo Diversified Credit Fund, but also could pave the way for broader access to private markets,” including through greater secondary market liquidity, Apollo partner Christine Moy said. 
Multitrillion-dollar market opportunity
Tokenized real-world assets represent a $30-trillion market opportunity globally, Colin Butler, Polygon’s global head of institutional capital, told Cointelegraph in an interview.
Adoption will largely be driven by a dramatic increase in portfolio allocations to alternative assets — such as private credit — as tokenization brings liquidity and accessibility to historically illiquid asset classes, he said.
The US private credit market has grown from $1 trillion in 2020 to around $1.5 trillion in 2025 and is projected to reach around $2.8 trillion by 2028, according to Securitize. 
Private credit already comprises a majority of total value locked in tokenized RWAs — more than $11 billion as of Jan. 30 — according to data from RWA.xyz.
The most popular RWA funds are the tokenized money market funds Hashnote Short Duration Yield Coin (USDY), BlackRock USD Institutional Digital Liquidity Fund (BUIDL) and Franklin OnChain US Government Money Fund (FOBXX).
Tokenized money market funds collectively command around $3.4 billion as of Jan. 30, according to RWA.xyz. 