Apollo receives $50 million in support to launch new tokenized credit fund

PANews September 18th news, according to CoinDesk, blockchain-based RWA agency Centrifuge and Plume jointly launched the "Anemoy Tokenized Apollo Diversified Credit Fund (ACRDX)", which received a $50 million anchor investment from Grove, a credit infrastructure agreement within the Sky ecosystem. The fund allows blockchain investors to participate in Apollo's diversified global credit strategy, covering direct corporate loans, asset-backed loans, and mismatched credit. ACRDX will be issued through Plume's Nest Credit Vault with the token code nACRDX, enabling institutional investors to participate in the strategy on-chain. Chronicle will serve as the oracle provider, while Wormhole will be responsible for cross-chain connections. After approval, Anemoy will serve as the administrator of the fund.