Wormhole, the leading interoperability platform powering multichain applications at scale, was selected as the official interoperability partner for the newly launched feeder fund, Apollo Diversified Credit Securitize Fund (“ACRED”), via its exclusive partnership with Securitize Inc. ACRED offers tokenized access to Apollo Diversified Credit Fund, a diversified global credit strategy.
The launch of ACRED marks the first time that investors can access Apollo Diversified Credit Fund through an on-chain product and is initially available on the Aptos, Avalanche, Ethereum, Ink, Polygon, and Solana networks.
As the official interoperability partner of ACRED, Wormhole will enable seamless cross-chain interactions in the fund across the available blockchain ecosystems, enhancing liquidity and accessibility to the asset class. Wormhole is partnered with Securitize, the leader in tokenizing real-world assets, to provide the infrastructure for all Securitized-issued funds that seek cross-chain accessibility, including the BlackRock USD Institutional Digital Liquidity Fund (BUIDL).
“The arrival of institutional players marks a turning point for the blockchain ecosystem and signals that the technology is finally mature,” said Robinson Burkey, Co-Founder of Wormhole Foundation. “Institutions want to tap into all on-chain ecosystems, oftentimes more than one, and that is where Wormhole’s capabilities allow funds like ACRED to confidently exist in multiple ecosystems and transfer funds in a secure, transparent, and efficient manner.”
“The next wave of demand for tokenized assets has emerged around fixed income, including private credit,” added Carlos Domingo, Co-founder and CEO of Securitize. “Apollo’s expertise in private credit makes them an ideal partner in tokenizing this category of real-world assets (“RWA”), unlocking broader opportunities for investors. With our Wormhole partnership, we are allowing that opportunity to be unlocked across multiple ecosystems at once, a pioneering step towards broader access to the asset class.”
To learn more about ACRED, visit www.securitize.io.
About Wormhole
Wormhole is the leading interoperability platform that powers multichain applications and bridges at scale. Wormhole provides developers access to liquidity and users on over 30 leading blockchain networks, enabling use cases that span DeFi, NFTs, governance, and more.
The wider Wormhole network is trusted and used by teams like Circle and Uniswap. To date, the platform has facilitated the transfer of over 40 billion dollars through over 1 billion cross-chain messages.
About Wormhole Foundation
The Wormhole Foundation is the steward of Wormhole—the world's first generalized messaging protocol. Our mission is to empower passionate people in researching and developing blockchain interoperability technologies. Through grants, research, and ecosystem programs, we seek to enable teams to build secure, open-source, and decentralized products within the Wormhole ecosystem.
About Securitize
Securitize, the leader in tokenizing real-world assets, is bringing the world on-chain through tokenized funds in partnership with top-tier asset managers, such as Apollo, BlackRock, Hamilton Lane, KKR and others. Securitize, through its subsidiaries, is a SEC-registered broker-dealer, digital transfer agent, fund administrator, and operator of a SEC-regulated Alternative Trading System (ATS). For more information, please visit www.securitize.io.
About Apollo
Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of September 30, 2024, Apollo had approximately $733 billion of assets under management. To learn more, please visit www.apollo.com.
Securitize Disclosures
Securities are offered through Securitize Markets, LLC, (“Securitize Markets”) a registered broker-dealer and member FINRA/SIPC. Securitize Markets, LLC, and Securitize Capital, an Exempt Reporting Adviser, are not involved in Real-World Asset (RWA) tokenization, a service provided by Securitize. Assets such as digital assets or tokens using blockchain, are speculative, involve a high degree of risk, are generally illiquid, may have no value, have limited regulatory certainty, are subject to potential market manipulation risks and may expose investors to loss of principal.
Securitize, Inc. (Securitize) is a Delaware corporation. Securitize is a technology provider which, together with its affiliates, maintains an end-to-end web-based platform used by issuers for issuing securities, specifically including digital asset securities. Securitize is not a registered broker-dealer.
Securitize, LLC is a transfer agent registered with the U.S. Securities and Exchange Commission.
Securitize Markets also operates Securitize Markets ATS, an alternative trading system. Securitize Capital, LLC is an exempt reporting adviser filed with the State of Florida.
Additional Important Disclosure
This press release relates to Securitize Tokenized Apollo Diversified Credit Fund, Ltd., which will invest substantially all of its assets in Apollo Diversified Credit Fund. This press release is neither an offer to sell nor a solicitation to purchase any security. Investors should carefully consider the investment objectives, risks, charges and expenses of Apollo Diversified Credit Fund and ACRED. This information and other important details about Apollo Diversified Credit Fund are contained in its prospectus, which can be obtained by visiting www.apollo.com/ADCF. Please read the prospectus carefully before investing in Apollo Diversified Credit Fund or ACRED.