Blockchain-Based RWA Specialists Bring $50M to Apollo’s Tokenized Credit Strategy

Centrifuge and Plume, specialists in blockchain-based real-world assets (RWA), have launched the Anemoy Tokenized Apollo Diversified Credit Fund (ACRDX) with a $50 million anchor investment from Grove, a credit infrastructure protocol within the Sky Ecosystem. The fund offers blockchain investors exposure to Apollo’s diversified global credit strategy, encompassing direct corporate lending, asset-backed lending, and dislocated credit.

ACRDX will be distributed through Plume’s Nest Credit vaults under the ticker nACRDX, enabling institutional investors to access the strategy on-chain. By tokenizing Apollo’s portfolio, the fund aims to reduce entry barriers and enhance transparency for investors targeting private credit markets.

Apollo, a $600 billion-plus asset manager, is among the traditional finance firms exploring blockchain technology. Christine Moy, Apollo’s digital assets head, emphasized the initiative’s role in expanding access to institutional-grade strategies while contributing to the growth of the on-chain DeFi economy in collaboration with Grove and Centrifuge.

The product leverages Apollo’s investment management expertise, Centrifuge’s tokenization infrastructure, and Plume’s RWA-focused blockchain. Chronicle will serve as the oracle provider, with Wormhole facilitating cross-chain connectivity.