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Apollo Global Management, Securitize Collaborate to Launch Apollo Diversified Credit Securitize Fund
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Apollo Global Management, Securitize Collaborate to Launch Apollo Diversified Credit Securitize Fund
Jan 30, 2025 7:43 AM

10:19 AM EST, 01/30/2025 (MT Newswires) -- Apollo Global Management ( APO ) has entered into a partnership with Securitize to launch Apollo Diversified Credit Securitize Fund, a tokenized feeder fund offering access to the Apollo Diversified Credit Fund, Securitize said Thursday.

The fund will be accessible on multiple blockchains, including Aptos, Avalanche, Ethereum, Ink, Polygon, and Solana, Securitize said, adding that it offers native redemptions at daily net asset value and has attracted investments from Coinbase Asset Management, Kraken, among others.

Securitize said it will use its interoperability partner, Wormhole, to facilitate seamless token movement across blockchains, to improve liquidity and accessibility.

Financial details weren't disclosed.

Price: 171.69, Change: +0.59, Percent Change: +0.34

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