- Apollo’s ACRED token debuts on Solana, boosting institutional DeFi access.
- ACRED enhances private market liquidity for investors.
- The move may increase Solana’s ecosystem liquidity.
ACRED’s launch signifies increased accessibility to private credit through tokenization, drawing significant attention from institutional investors.
Apollo Global Management, a major asset manager, has taken a significant step by launching the ACRED token on Solana. This move is supported by multiple firms, including Securitize, Kamino Finance, and Steakhouse Financial.
“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.” – Christine Moy, Partner, Apollo Global Management (Source: Securitize statement as shared in official launches)
The venture aims to provide unique access to institutional-grade assets in DeFi.
Securitize has ensured compliant issuance of ACRED, while Kamino Finance plans to facilitate on-chain borrowing and leverage solutions for users.
ACRED allows wider participation in private credit yields, positioning Solana as a robust RWA chain. Solana’s ecosystem may experience a rise in total value locked (TVL) due to this influx of institutional-grade assets.
As the private credit market continues to expand, the entry of institutional funds into DeFi may increase. The market is expected to reach $2.8 trillion by 2028, driven by such tokenization initiatives.
Apollo’s move might set a precedent for other asset managers considering blockchain integration, potentially reshaping market dynamics. The regulatory landscape remains a key focus area as tokenized assets grow in prominence.
