Apollo’s Tokenized Credit Fund Charges Onto Solana—Wall Street’s Latest Trojan Horse in DeFi

Solana’s DeFi ecosystem just got a heavyweight contender. Apollo Global Management is tokenizing a credit fund on the chain, marking another institutional incursion into crypto’s rebel territory.

The move follows BlackRock’s BUIDL fund and others chasing yield where bankers once feared to tread—though let’s see how long before they lobby for ’guardrails.’

Real-world assets (RWAs) are crypto’s hottest narrative, with tokenized treasury products alone ballooning to over $1.5B TVL. Now Apollo’s bringing leveraged loans to the party—because what’s finance without a little hidden risk?

Solana’s speed and low fees made it the pick here, but expect every L1 to roll out the red carpet for TradFi’s tokenized experiments. The race to digitize Wall Street’s plumbing is on—just don’t call it a comeback for 2008’s financial ’innovators.’