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

According to ChainCatcher, 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, the Sky ecosystem credit infrastructure agreement, according to CoinDesk. 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.