Apollo Launches $785 Billion AUM Tokenized Credit Fund ACRED on Solana DeFi With Drift Institutional and Kamino Finance

Apollo Global Management, which manages $785 billion in assets under management (AUM), is launching its tokenized credit fund, ACRED, on the Solana blockchain. This initiative is facilitated through partnerships with Kamino Finance, Securitize, and SteakhouseFi. ACRED will be issued as a regulated sToken by Securitize and aims to unlock borrowing, leverage, and decentralized finance (DeFi) strategies for real-world assets (RWA) on Solana, marking the platform’s first RWA offering. The launch is pending completion of an audit. Concurrently, Drift Protocol has introduced Drift Institutional, a white-glove service designed to assist large institutions in bringing real-world assets on-chain within Solana’s DeFi ecosystem. Drift Institutional’s inaugural offering includes an Institutional Pool for Apollo’s tokenized credit fund, further integrating Apollo’s ACRED into Solana’s DeFi landscape.

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