Apollo, an asset management firm with $730B in AUM, launched a new fund for investors to access tokenized private credit onchain: The Apollo Diversified Credit
Fund is debuting on *six* blockchains:
Solana, inkonchain, Aptos, AVAX, Eth and Polygon
This is huge because it provides investors access to corporate direct lending, asset-backed lending and private credit offerings -- all onchain.
It's also worth noting a few things:
1) Securitize is also the tokenization partner of BlackRock's
$BUIDL money market fund (that currently has over $625M in AUM)
2) Apollo's normal Diversified Credit Fund has over $1.2B in managed assets
3)Securitize recently brought on Sonnenshein as COO. He's the former CEO of Grayscale
TLDR: the demand and appetite is here. By the billions and billions of dollars.
LETS GO AVAX