Solana’s DeFi Ecosystem Welcomes Apollo’s Tokenized Credit Fund as RWA Adoption Grows
Apollo Global Management is making a groundbreaking move by launching a tokenized version of its private credit fund on Solana, further bridging the gap between traditional finance and decentralized ecosystems. This initiative, supported by Kamino Finance, Securitize, and Steakhouse Financial, signifies a major milestone in the integration of regulated real-world assets (RWA) into DeFi. The ACRED token, representing Apollo’s Diversified Credit Fund, will enable on-chain borrowing and expand Solana’s DeFi capabilities. With SOL currently priced at 166.57 USDT, this development highlights the growing traction of RWAs in the crypto space and Solana’s role as a leading blockchain for innovative financial solutions.
Apollo’s Tokenized Credit Fund Set for Solana DeFi Debut as RWA Trend Expands
Apollo Global Management is bridging traditional finance with decentralized ecosystems through a tokenized version of its private credit fund on Solana. The initiative, facilitated by Kamino Finance, Securitize, and Steakhouse Financial, marks a significant step in bringing regulated real-world assets (RWA) to DeFi.
The ACRED token, representing Apollo’s Diversified Credit Fund, will enable on-chain borrowing and leverage—a first for Solana’s DeFi landscape. Pending audit completion, this launch underscores institutional confidence in blockchain infrastructure.
Securitize’s compliant framework ensures the token adheres to regulatory standards while tapping into Solana’s high-speed network. The MOVE reflects growing demand for yield-generating RWAs among crypto-native investors.
Solana Spaces Reboots in NYC with Memecoin Funding After FTX Collapse
Solana Spaces, the brick-and-mortar retail venture for Solana-branded merchandise, has relaunched as a pop-up store in New York City. The original stores, backed by FTX in Hudson Yards and Miami, shuttered in early 2023 following the exchange’s collapse.
The revived project debuted at Solana’s Accelerate conference with a new team and unconventional funding—a memecoin. Unlike its predecessor, the reboot focuses on temporary pop-ups tied to crypto events, catering to community enthusiasm. The New York installation drew crowds despite its scaled-back ambitions.
Solana Price Prediction: Institutional Momentum Meets Resistance Wall as Bulls and Bears Face Off
Solana’s price hovers near $170 following a robust rally, now encountering significant resistance at the $190 level. The cryptocurrency trades at $165.80, marking a 2.33% decline over the past 24 hours. Market dynamics reveal a classic standoff between bullish momentum and bearish resistance.
Institutional interest grows as Galaxy Digital partners to launch tokenized equities on Solana, bolstering its long-term viability. Technical indicators show a bullish falling wedge pattern forming, suggesting potential upward movement if key resistance levels are breached.
Analysts note SOL faces rejection from a critical supply range NEAR $185, creating a decisive battleground for market participants. The coming sessions will determine whether institutional support can overpower current technical resistance.
Argentine President Milei Disbands Task Force Probing LIBRA Meme Coin Scandal
Argentine President Javier Milei has dissolved a government task force investigating his involvement in the controversial LIBRA meme coin promotion. The Solana-based token, which surged and collapsed earlier this year, had drawn scrutiny after Milei endorsed it in February.
Official documents confirm the investigative body’s termination, citing completed work—though no findings were disclosed. This move comes amid lingering questions about cryptocurrency promotions by public officials and their market impact.
The LIBRA token’s volatility exemplifies the risks inherent in meme coin speculation, particularly when endorsed by influential figures. The dissolution of the probe raises questions about transparency in crypto-related government investigations.
