Apollo token -converted funds are the hot buttons on the wall street

In another step to integrate blockchain technology with Tradfi, APOLLO Asset Management, a 733 billion alternative asset manager, has launched a tokenized private credit fund. A year ago, Wall Street focused on the release of Bitcoin Spot ETF. Today, Apollo has tapped two hotticks on the street, digital finance, private credit, and real world assets (RWA) tokens. Fund.

Fund

Apollo Diversified Credited Security Fund (Acred) provides access to on -fin investors on vehicles with investment papers focusing on five pillars.

Since its establishment, Apollo DiverSified has boasted an annual distribution rate of 9.02 %. At the end of the third quarter of 2024, the fund was invested in 158 portfolios, the average period of 1.7 years. The fund is managed by the seasoned bond investors, Earl Hunt, Jim Vannec, and Chrisla Ford. 。

Fund token

The tokenized fund is the first for Apollo. According to Christine Moy, the head of Apollo’s digital assets, CHRISTINE MOY in Linkedin’s post: Crypto and Defi believe that it will expand access to institutional quality products and provide improved, non -friction client experience. “

Apollo’s exclusive token and distribution partner Securitize provides funds in several blockchains, such as APTOS, AVALANCHE, Eterne, INK, Polygon, and Solana. The fund has indicated the first integration between Kraken’s brand new layer 2 network Solana blockchain and ink for securitization.

Solana’s first integration is a positive new feature of the one -month network, doubling StableCoins. This is an important indicator of increasing activities in individual cryptocurrencies and talk -ranging and diversified financial (Defi) transactions.

Efforts for early tokenization

Token is experimented with several asset managers in this field, as it is considered a way to simplify investment processes, increase fluidity, and expand investors access to markets that are not accessible before. I have come.

Blockchain enthusiasts have been investigating RWA token for many years. In the early pioneer, SECURRENCY, in 2015, it was established in a paper -established paper in which financial assets and markets gain profits from the transparency and immutability that blockchain technology can be provided to investors. This establishes the source of asset investors traded by investors, ensuring its origin and reliability.

SecureNcy was ultimately acquired in October 2023 by Tradfi’s mainstay, Dository Trust & Clearing Corporation (DTCC). DTCC is known for its post -trade market infrastructure that provides global financial systems.

Real world assets token (RWA)

Although it is not the first fund token by asset managers, the advancement of Apollo to the space for blockchain and digital asset technology in the institutional investment community is emphasized.

Franklin Tempton, a global investment manager based in the United States, which has $ 1.7 trillion, has been rated as the first US registration fund to process transactions using public blockchain. Franklin Onchain Us Government Money Fund (FOBXX) was released in 2021 and Benji Wallet Holders is now available. One Benzy token represents the fund’s investment in one strain.

In 2022, Hamilton Lane (HLNE) was affiliated with the figure and launched a blockchain focusing on the first tokenized private market. The basis of Hamilton Lane’s inauguration efforts was the $ 3.22 billion fund, a ’40 ACT registration investment fund, $ 3.22 billion.

The figure is at the forefront of tokenization and is often connected to a famous project in space. The company, led by CEO Mike Cagney, who has Deep Tradfi Roots himself, has been selected as a novawUlf Digital Management technology partner by reorganizing Network.

Novawulf and Fugure Partnership has proposed a common token to a reorganized company. Eventually, the reorganization of the intake was awarded to the Holdings, led by Arrington Capital, Crypto Mining Company Arrington Capital and US Bitcoin Corp..

In addition to financial assets, industry experts have investigated tokens, including art, music and patents.

Future of tokenization

Comments created by Apollo and Security emphasize the focus on the future collaboration of Tradfi and digital financial technology companies.

“The start of this partnership and Securitize is an exciting milestone for traveling to make it easier and efficient in the private market. President of Apollo DiverSified Credit Fund.

CARLOS Domingo, a co -founder and CEO of Securitize, states: “Apollo’s private credit has become an ideal partner to token into the real world assets (” RWA “) in this category, and will solve more opportunities for investors. “

What is next?

Both Hunt and Domingo refer to exposure of wider assets for investors, but it is important to be careful that Acred can only be used by certified investors. Certified investors have at least 1 million dollars of net assets, earn at least $ 200,000 in the past two years, combine $ 300,000 with spouses, or hold the current Finra. Become an expert. license.

This emphasizes other concerns proposed by technology leaders. Due to technology advances, there are investments to reach more investors, but financial services regulations restricted the participation of investors in “sophisticated” financial products under the name of consumer protection. Masu.

COINFUND’s president Christopher Parkins pointed out that COINFUND was the president of COINFUND, the main cryptocurrency and blockchain investment company. Thus, retailing was able to trade the Mome freely, but was rejected to tokens with utility and sophisticated financial products throughout the private market. “

The signature of the Presidential Order to strengthen US leadership in digital financial technology shows more willingness to invest in these technologies. However, in order for the profits of these progress to grow, political wills to strengthen common sense regulations in financial services are also important.