In a groundbreaking move for blockchain-based finance, Securitize has partnered with Apollo Global Management and Wormhole to tokenize the $1.3 billion Apollo Diversified Credit Fund ($ACRED) and deploy it across six major blockchains, including Solana. This marks a major step forward in the integration of real-world assets (RWAs) into decentralized finance (DeFi). Bridging Traditional and Decentralized Finance The tokenization of $ACRED represents […]
Fund tokenization, the third revolution in asset management, offers the potential to create billions of dollars in value for both financial institutions and end investors, according to the latest whitepaper, “Tokenized Funds: The Third Revolution in Asset Management Decoded” co-developed by Boston Consulting Group (“BCG”), Aptos Labs, and Invesco. Having garnered more than US$2 billion […]
BlackRock has announced that the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), which initially was launched on the Ethereum network in March 2024, will now be expanding access across blockchain ecosystems through the launch of new share classes on Aptos, Arbitrum, Avalanche, Optimism‘s OP Mainnet, and Polygon. This initiative represents the next step in the evolution of the […]
