Securitize, a platform focused on tokenizing real-world assets, is now extending its services to the Sei blockchain with the launch of the Apollo Diversified Credit Fund (ACRED) as its inaugural offering. This marks the introduction of tokenized private credit to Sei, according to the company.
ACRED, boasting a total value of $112 million per RWA.xyz, serves as a conduit for Apollo’s private credit strategy, which encompasses corporate lending, asset-backed transactions, and distressed credit. Participation is restricted to qualified investors, with tokens being interoperable across several blockchains through Wormhole, a cross-chain messaging service that facilitates fluid movement between networks and enhances liquidity.
The integration of tokenized private credit aligns with a broader transition in financial markets toward representing traditional instruments on blockchain platforms to expedite settlements and eliminate intermediaries. The market for real-world assets has surpassed $30 billion, supported by RWA.xyz data.
“ACRED’s launch on Sei further exemplifies how blockchain can facilitate new avenues for investors to engage with private credit and drive digital innovation,” commented Christine Moy, a partner at Apollo and head of digital assets, data, and AI strategy, in a press release shared with CoinDesk.
Additional funds are expected to debut on Sei soon, noted Securitize. The firm has previously tokenized assets exceeding $3 billion, including offerings from BlackRock, KKR, and VanEck, according to the press release.