Blockchain-focused real-world asset (RWA) experts Centrifuge and Plume have introduced the Anemoy Tokenized Apollo Diversified Credit Fund (ACRDX), supported by a $50 million foundational investment from Grove, a credit infrastructure protocol within the Sky Ecosystem.
This fund provides blockchain investors access to Apollo’s diversified global credit strategy, which includes direct corporate lending, asset-backed lending, and dislocated credit—debt that is mispriced due to market stress and liquidity issues.
ACRDX will be available through Plume’s Nest Credit vaults under the ticker nACRDX, facilitating on-chain access to institutional investors. By converting Apollo’s portfolio into a tokenized format, the fund seeks to reduce entry barriers and enhance transparency for investors interested in private credit markets, as stated in a press release.
Apollo, a major asset manager with over $600 billion in assets, is among various traditional finance firms exploring blockchain technology. According to its head of digital assets, Christine Moy, the initiative aims to broaden access to institutional-grade strategies while contributing to “building the on-chain DeFi economy” alongside Grove and Centrifuge.
The product merges Apollo’s investment management expertise with Centrifuge’s tokenization infrastructure and Plume’s blockchain focusing on real-world assets. Chronicle will act as the oracle provider, and Wormhole will manage cross-chain connectivity. Pending approval, Anemoy will act as the fund’s manager.
