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Today tokenization firm Securitize announced a partnership with alternative asset manager Apollo Global (AUM $512 billion) to tokenize one of its funds. Securitize is creating a new tokenized feeder fund for the Apollo Diversified Credit Securitize Fund (“ACRED”). The fund will be available on six blockchains following Securitize going live with the blockchain interoperability protocol Wormhole.

As with most other Securitize funds, access is not available to the average retail investor. In this case there’s a minimum investment of $50,000 for accredited investors that can only be accessed via Securitize Markets as the broker-dealer. Securitize is also the tokenization partner for BlackRock’s BUIDL money market fund and Hamilton Lane and KKR feeder funds.

Coinbase Asset Management and Kraken are amongst the early investors in ACRED.

Retrieved from: https://www.ledgerinsights.com/tokenized-apollo-fund-launched-on-6-public-blockchains/