Securitize expands to the Sei network and launches Apollo's tokenized credit fund on the network

According to ChainCatcher, as reported by CoinDesk, the RWA tokenization platform Securitize is currently expanding to the Sei blockchain. Its tokenized Apollo Diversified Credit Fund (ACRED) will become the first platform to launch on this network, marking the debut of tokenized private credit on the Sei blockchain.

Securitize stated that other funds will also be launched on the Sei blockchain in the near future. According to data from RWA.xyz, ACRED manages total assets valued at $112 million. It serves as a supplement to Apollo's private credit strategy, with investments covering corporate loans, asset-backed transactions, and distressed credit, among other areas. The fund is limited to qualified investors and enables cross-chain token interoperability through the Wormhole protocol, facilitating asset movement across networks and enhancing liquidity.