A tokenized version of Apollo’s private credit fund, issued by Securitize, will arrive on Solana’s

decentralized finance (DeFi) ecosystem, bringing traditional financial instruments closer to the fast-growing network.

The launch, orchestrated by lending platform Kamino Finance with support from tokenization specialist Securitize and DeFi risk advisor Steakhouse Financial, aims to make the Apollo Diversified Credit Securitize Fund (ACRED) token the first of its kind to be available for on-chain borrowing and leverage on Solana. The token’s debut is pending on completing an audit, Kamino said.

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