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**Securitize Launches Tokenized Apollo Fund on Major Blockchains**
In a groundbreaking move, Securitize has announced the launch of its tokenized Apollo fund on multiple blockchain platforms. This innovative initiative is aimed at democratizing access to fixed income and private credit investment opportunities, empowering investors to earn real yields by providing loans to global businesses.
As part of this endeavor, Securitize has leveraged its partnership with interoperability provider Wormhole to enable multichain support for the Apollo fund. This development marks a significant milestone in the growth of tokenized assets, as it paves the way for the integration of fixed income and private credit markets on-chain.
The total size of the traditional private credit market stands at $1.6 trillion, with the current tokenized market accounting for approximately $21 billion worth of loans across various protocols, including about $11.7 billion in active assets.
Securitize’s CEO & co-founder, Carlos Domingo, has emphasized that this development represents a critical step forward in expanding the range of investment opportunities available to investors. He noted, “The next wave of demand for tokenized assets has emerged around fixed income and private credit. Apollo’s expertise in private credit makes them an ideal partner in tokenizing real-world assets (RWA), unlocking broader opportunities for investors.”
By bringing traditional fixed income and private credit onto the blockchain, Securitize aims to revolutionize the way people invest by providing exposure to previously inaccessible markets.
In related news, Kraken has reopened staking in the US, offering support for 17 different assets.
Source: coinjournal.net
