NEW
YORK and MIAMI,
Jan. 30,
2025 /PRNewswire/ -- Securitize, Inc. ("Securitize"),
the leader in tokenizing real-world assets, today announced a
partnership with Apollo (NYSE: APO) to tokenize investment
opportunities, beginning with the launch of a new feeder fund,
Apollo Diversified Credit Securitize Fund ("ACRED"). ACRED offers
tokenized access to Apollo Diversified Credit Fund, a diversified
global credit strategy investing across corporate direct lending,
asset-backed lending, and performing, dislocated and structured
credit.
Securitize announced a partnership
with Apollo (NYSE: APO) to tokenize investment
opportunities.
ACRED is initially available on the Aptos, Avalanche,
Ethereum, Ink, Polygon, and Solana
networks, includes Ethereum ecosystem support from
Etherealize, and investment from Coinbase Asset
Management and Kraken, amongst others. The launch of ACRED marks
the first time that investors can access Apollo Diversified Credit
Fund through an on-chain product, simplifying the operational
process in an all-digital format through Securitize, including
native redemptions at a daily net asset value ("NAV").
With the launch of ACRED across multiple chains, Securitize will
leverage its official interoperability partner, Wormhole, to enable
tokens to move seamlessly across different blockchain ecosystems,
enhancing liquidity and accessibility.
Qualifying investors seeking to participate in ACRED can do so
exclusively via Securitize Markets, LLC ("Securitize Markets"), the
broker-dealer subsidiary of Securitize. Securitize also serves as
ACRED's digital transfer agent and fund administrator.
"This partnership and launch with Securitize is an exciting
milestone in our journey to make private markets more accessible
and efficient, including Apollo Diversified Credit Fund which
offers diversified exposure to a range of corporate and
asset-backed credit," said Earl
Hunt, Apollo Partner and
President of Apollo Diversified Credit Fund.
Apollo Partner Christine Moy
added, "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 through next generation product
innovation, greater secondary liquidity, and efficiency over time.
We believe ACRED is already proving attractive to both
institutional and individual investors, and we're excited to work
with these new digital asset ecosystems to build the future of
investments."
"The next wave of demand for tokenized assets has emerged around
fixed income, including private credit," said 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."
Apollo Diversified Credit Fund is a non-traded, closed-end
interval fund seeking both current income and capital appreciation,
with low volatility and low correlation to the broader markets.
To learn more about ACRED, 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.
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.
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.
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SOURCE Securitize
