Apollo Global Management and Securitize Tokenize Private Credit Fund Targeting a $30 Trillion Market Opportunity

The Apollo Diversified Credit Securitize Fund (ACRED) will tokenize shares of its Apollo Diversified Credit Fund.

Private equity giant Apollo Global Management has teamed up with Securitize to launch a tokenized private credit fund, the firms announced Jan. 30.

The Apollo Diversified Credit Securitize Fund (ACRED) will tokenize shares of the Apollo Diversified Credit Fund, which holds a diverse portfolio of private credit assets.

The fund will be available on Solana, Ethereum, Avalanche, Polygon, Aptos and Ink. It marks the first time that Securitize, a real-world asset (RWA) tokenization platform, has launched tokenized funds on Solana or Ink.

The tokenized fund will operate on blockchain networks including Solana, Ethereum, Avalanche, Polygon, Aptos and Ink.

Apollo Diversified Credit Fund is available to qualified investors and has earned an annualized return of more than 11% in the past year and more than 5.5% since inception, according to Apollo’s website.

The tokenization "not only provides an on-chain solution for Apollo Diversified Credit Fund, but also could pave the way for broader access to private markets," including through greater secondary market liquidity, Apollo partner Christine Moy said.

Multitrillion-dollar market opportunity

Tokenized real-world assets present a $30-trillion market opportunity globally, Colin Butler, Polygon’s global head of institutional capital, told Cointelegraph in an interview.

Adoption will be largely driven by a dramatic increase in portfolio allocations to alternative assets — such as private credit — as tokenization brings liquidity and accessibility to historically illiquid asset classes, he said.

The US private credit market has grown from $1 trillion in 2020 to around $1.5 trillion in 2025 and is projected to reach around $2.8 trillion by 2028, according to Securitize.

Private credit already comprises a majority of total value locked in tokenized RWAs — more than $11 billion as of Jan. 30 — according to data from RWA.xyz.

The most popular RWA funds are the tokenized money market funds Hashnote Short Duration Yield Coin (USDY), BlackRock USD Institutional Digital Liquidity Fund (BUIDL) and Franklin OnChain US Government Money Fund (FOBXX).

Together, tokenized money market funds have around $3.4 billion as of Jan. 30, according to RWA.xyz.