Apollo and Securitize launched a tokenized credit fund (ACRED) on the blockchain

Apollo's New Fund: Apollo Global Management has launched a tokenized private credit fund, ACRED, in collaboration with Securitize Inc., attracting over $100 million from investors since its inception in January. This fund allows investors to hold digital tokens representing their stakes and leverage returns through decentralized finance (DeFi) platforms.

Risks and Market Trends: While ACRED offers innovative opportunities by integrating blockchain technology with traditional finance, it also introduces risks such as price volatility and liquidity challenges. The shift towards blockchain-based financial products reflects a broader trend among major asset managers moving from skepticism to active participation in the crypto space.