Securitize Partners with TradFi Giant Apollo to Tokenize Private Credit

Securitize, the securities issuer for Blackrock’s tokenized treasury fund BUIDL, is partnering with asset management giant Apollo Global to launch a multi-chain tokenized credit fund.

The Apollo Diversified Credit Securitize Fund, or ACRED, will make tokenized private credit accessible to institutional and accredited investors on Aptos, Avalanche, Ethereum, Ink, Polygon, and Solana.

The Ethereum ecosystem activations include support from a new Ethereum product and marketing arm, Etherealize, and investments from Coinbase Asset Management and Kraken.

Apollo touts a whopping $733 billion in assets under management (AUM) as of Sept. 30, 2024, and now steps into the real-world asset (RWA) arena.

“Apollo’s expertise in private credit makes them an ideal partner in tokenizing this category of real-world assets, unlocking broader opportunities for investors,” said Securitize CEO Carlos Domingo.

Private credit is the largest sub-sector within the RWA space, commanding nearly 70% of the total RWA market capitalization with $11.8 billion in active loans out of the total market’s $17 billion valuation.

Figure leads the pack and is responsible for $9.2 billion of the total active loans within the tokenized private credit space. The tokenized private credit market nearly doubled in 2024.

The move is the latest in the asset tokenization frenzy, which has only picked up steam since the U.S. presidential election.

Recently, Vlad Tenev, the CEO of investment broker Robinhood, called for tokenization frameworks, and Larry Fink, the CEO of Blackrock, went on CNBC and requested for the SEC to “rapidly approve the tokenization of bonds and stocks.”

Partner at Apollo Christine Moy said, “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.”