Securitize, a platform for tokenizing real assets, is expanding to the SEI blockchain with its tokenized Apollo Diversified Credit Fund (ACRED), which debuted on the network. The move will introduce tokenized private credit to SEI for the first time, the company said.
According to RWA.xyz, the Acred, which totals $112 million, serves as a feeder to Apollo’s personal credit strategy, including corporate lending, asset support transactions and dislocated credits. Only qualified investors can participate, and tokens are interoperable across the blockchain via wormholes, a cross-chain messaging protocol, allowing for easy movement and improved liquidity between networks.
Tokenized private credit is part of a broader change in financial markets where traditional equipment is represented in blockchain systems, speeding up settlements and reducing intermediaries. According to data from RWA.xyz, the real world asset market is over $30 billion.
“Acred’s expansion to SEI further demonstrates how blockchain infrastructure can unlock new pathways for investor participation in personal credit and accelerate digital innovation,” said Christine Moy, Apollo partner and Head of Digital Assets, Data and AI Strategy in a press release shared with Coindesk.
Securitize said other funds will be attacked by SEI in the near future. Securitize has already tokenized more than $3 billion in assets, including offerings from BlackRock, KKR and Vaneck, the release said.
