Securitize, a platform for tokenizing real-world assets, is expanding to the Sei blockchain with the tokenized Apollo Diversified Credit Fund (ACRED) the first to debut on the network. The move introduces tokenized private credit to Sei for the first time, the firm said.
ACRED, which has $112 million in total value according to RWA.xyz, acts as a feeder into Apollo’s private credit strategy, which includes corporate lending, asset-backed deals and dislocated credit. Only qualified investors can participate, and the tokens are interoperable across blockchains via Wormhole, a cross-chain messaging protocol, allowing easier movement between networks and improving liquidity.
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