KEY ($0.00) TAKEAWAYS
- Wormhole partners with Securitize to provide interoperability for the Apollo Diversified Credit Securitize Fund (ACRED), enhancing cross-chain interactions.
- ACRED offers tokenized access to the Apollo Diversified Credit Fund, available on multiple blockchain networks including Aptos, Avalanche, Ethereum, Polygon, and Solana.
- The partnership aims to increase liquidity and accessibility to tokenized real-world assets, leveraging Wormhole’s cross-chain capabilities.
- Institutional interest in blockchain ecosystems is growing, with Wormhole facilitating seamless operations across multiple on-chain environments.
Wormhole, a leading interoperability platform, has been selected as the official interoperability partner for the newly launched Apollo Diversified Credit Securitize Fund (ACRED). This partnership is facilitated through Wormhole’s exclusive collaboration with Securitize Inc., a leader in tokenizing real-world assets.
ACRED offers tokenized access to the Apollo Diversified Credit Fund, a diversified global credit strategy. This marks the first instance where investors can access the Apollo Diversified Credit Fund through an on-chain product. Initially, ACRED will be available on several blockchain networks, including Aptos, Avalanche, Ethereum, Ink, Polygon, and Solana.
Wormhole’s Role in Enhancing Cross-Chain Interactions
As the official interoperability partner, Wormhole will facilitate seamless cross-chain interactions within the ACRED fund across the available blockchain ecosystems. This partnership aims to enhance liquidity and accessibility to the asset class.
Wormhole’s collaboration with Securitize extends to providing infrastructure for all Securitize-issued funds that require cross-chain accessibility. This includes the BlackRock USD Institutional Digital Liquidity Fund (BUIDL).
Robinson Burkey, Co-Founder of Wormhole Foundation, commented on the significance of institutional players entering the blockchain ecosystem. He noted that institutions are increasingly interested in tapping into multiple on-chain ecosystems, and Wormhole’s capabilities allow funds like ACRED to operate confidently across these ecosystems.
Expanding Opportunities in Tokenized Assets
Carlos Domingo, Co-founder and CEO of Securitize, highlighted the growing demand for tokenized assets, particularly in fixed income and private credit. He emphasized Apollo’s expertise in private credit as a key factor in tokenizing this category of real-world assets, thereby unlocking broader opportunities for investors.
Domingo further explained that the partnership with Wormhole enables these opportunities to be accessible across multiple ecosystems simultaneously, representing a pioneering step towards broader access to the asset class.
For more information about ACRED, visit here.
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