Blackrock-Backed Securitize Partners with Wormhole to Bring $1.3B Credit Fund to Solana

Securitize, one of the leaders in blockchain asset tokenization, has announced a triumphant step forward for crypto’s RWA industry. 

In collaboration with Wormhole, Securitize has joined forces with Apollo Global Management to bring the TradFi firm’s Diversified Credit Securitize Fund ($ACRED), boasting $1.3B in AUM, onchain.

The partnership marks Securitize’s first-ever deployment on Solana, suggesting that crypto’s top security tokenization platform may have more in store for the network.

TradFi Funds Migrate to DeFi

On January 31st, Securitize announced its partnership with Apollo Global Management, tokenizing the $730B investment giant’s $ACRED fund and deploying it across six popular blockchains, including Solana.

The fund offers tokenized access to the Apollo Diversified Credit Securitize Fund. a diversified global credit strategy investing across corporate direct lending, asset-backed lending, and performing, dislocated, and structured credit.

With Wormhole as its official interoperability partner, ACRED will be distributed and deployed across various chains. In theory, these tokens can also be integrated into Solana’s various DeFi applications, allowing investors to lend and collateralize their stake in the fund.

Highlighting blockchain’s accessibility, Apollo Partner Earl Hunt claims the collaboration marks a critical step in the mission to bring TradFi markets to a wider audience. Investors who may have previously been excluded due to geographic restrictions or minimum investment requirements.

“This partnership and launch with Securitize is an exciting milestone in our journey to make private markets more accessible and efficient, including Apollo Diversified Credit Fund which offers diversified exposure to a range of corporate and asset-backed credit,” - Earl Hunt, Apollo Partner and President of Apollo Diversified Credit Fund.

Apollo partner Christine Moy shared her colleague’s sentiment, adding:

“This tokenization not only provides an on-chain solution for Apollo Diversified Credit Fund, but also could pave the way for broader access to private markets through next generation product innovation, greater secondary liquidity, and efficiency over time. We believe ACRED is already proving attractive to both institutional and individual investors, and we’re excited to work with these new digital asset ecosystems to build the future of investments.”  - Christine Moy, Apollo Partner

RWA to Bring Billions in Tokenized Assets to Solana

Securitize’s tokenization of ACRED represents the first time the protocol will deploy assets on the Solana blockchain. While it’s unlikely that the entirety of ACRED’s $1.3 AUM will migrate to Solana, the collaboration suggests that Securitize may bring TradFi assets from other clients to the network in the future.

Solana’s RWA sector is expected to witness tremendous growth in 2025. Catalysts like the launch of Remora Markets, an RWA marketplace enabling users to trade and invest in popular stocks like $TSLA and $NVDA, are for a late Q1 launch. 

Tokenized stocks and equities could add billions of dollars in TVL (TVL) to Solana’s RWA sector, with investors opting to shift their TradFi holdings to personal on-chain wallets. 

Raj Gokal has expressed optimism towards Solana’s nascent RWA industry. Speaking at Multicoin Summit, the Solana Labs co-founder highlighted tokenized equities as one of the metas to watch in 2025.

Disclaimer: Remora Markets and SolanaFloor are owned and operated by Step Finance

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