A token version of the Apollo private credit fund, issued by security, will arrive on Solana
Decentralized financial ecosystem (DEFI), bringing the traditional financial instruments of the fast -growing network closer.
The launch, orchestrated by the Kamino finance loan platform with the support of the specialist in the tokenization to secure and the faithful Steakhouse Financial Advisor Financial, aims to make the Apollo diversified credit security token (ACRED) the first of its kind to be available for borrowing and lever on the chain and lever on Solana. The beginnings of the token are waiting to finish an audit, said Kamino.
The acré token, launched in January, offers an exposure to private credit strategies in Apollo and is published as part of regulated token to avoid. Acred will also be the first token on Solana using the Stoken standard to securitize, with more assets that should follow later, said Securitize.
The product highlights an increasing crypto appetite for the tokenization of real assets (RWA). RWAS – traditional instruments such as funds, bonds or real estate – are brought to blockchain rails to reduce friction in investment, improve access and transparency and allow programmable use in DEFI protocols. In practice, this means that investors can use RWA as guarantees to borrow, assign agriculture or connect to automated investment strategies.
“The value of the tokenization comes into play when these assets are integrated into DEFI, and new products and strategies are developed around them,” explains Reid Simon, responsible for defect and credit solutions.
Despite the rapid growth market in Solana, RWAS are not yet taking off in the chain. According to Rwa.xyz, Solana welcomes $ 330 million from Rwas, small compared to the size of the DEFI market of almost $ 9 billion on the network. It is also dragging the layer 1 market of layer 1 of Ethereum on the real active market in Ethereum. But with great players in intervening tokenization, the donors of the launch see this as a tilting point.
“Solana has experienced explosive consumers growth in recent years, but below the surface, we see a huge interest on the part of institutions and asset issuers,” said Marius Ciubotariu, co-founder of Kamino “, finally, the industry is able to bring these assets to the chain, but to provide real uses.”
Thanks to the Kamino multiply product, users will be able to take advantage of ACRED for performance strategies – by automatically curling the assets to increase exposure while managing collateral levels and borrow through native intelligent contracts from Solana. It is an offer similar to what Gauntlet introduced on Polygon at the end of April.
“Based on composite chain credit assets is the type of long-term investment which, in our view, can help catalyze DEFI growth in Solana,” said AdCV, co-founder of Steakhouse Financial.
Correction (May 20, 20:15 UTC): Specifies that Acred is a food fund in Tokenized investing in a diversified credit fund managed by Apollo.
