Centrifuge, the real world assets (RWA) tokenization platform, has created a tokenized feeder fund for the Apollo Diversified Credit Fund. The new token provides blockchain-based access and fractionalization capabilities in response to growing demand for alternative assets.
The name of the token is a little tongue-tying: the Anemoy Tokenized Apollo Diversified Credit Fund Segregated Portfolio (ACRDX). The token is minted on PLUME, a blockchain network focused on RWA.
The DeFi focused issuance has already secured a $50 million anchor investment from Grove, a protocol that behaves like an asset manager. It manages $2.5 billion in assets for Sky (formerly MakerDAO) and its stablecoins.
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