Securitized, a platform for real assets tokenizing, is developing at the SEI blockchain with the Tokenized Apollo Diversified Credit Fund (ACRED) the first to make its debut on the network. This decision introduces token private credit to SEI for the first time, said the firm.
ACRED, which has $ 112 million in total value according to Rwa.xyz, acts as an eater in Apollo’s private credit strategy, which includes business loans, transactions supported by assets and dislocated credit. Only qualified investors can participate and the tokens are interoperable through blockchains via the worm hole, a transversal messaging protocol, allowing easier movement between networks and improving liquidity.
Tokenized private credit is part of a broader change in the financial markets in which traditional instruments are represented on blockchain systems to accelerate the colonies and cut intermediaries. The real asset market is now greater than $ 30 billion, display the Rwa.xyz data.
“The expansion of Acred to SEI also shows how the blockchain infrastructure can unlock new ways for the participation of investors in private credit and accelerate digital innovation,” said Christine Moy, a partner of Apollo and chief of digital assets, data and AI, in a press release shared with Coindesk.
Other funds will strike Sei in the near future, said Securitize. Security has already tokenized more than $ 3 billion in assets, including offers from BlackRock, KKR and Vaneck, according to the press release.
