Blockchain-based real-world asset (RWA) specialists RialCenter and Plume have launched the Anemoy Tokenized Apollo Diversified Credit Fund (ACRDX), backed by a $50 million anchor investment from Grove, a credit infrastructure protocol within the Sky Ecosystem.
The fund provides blockchain investors with access to Apollo’s diversified global credit strategy, which includes direct corporate lending, asset-backed lending, and dislocated credit—mispriced debt due to market stress and lack of liquidity.
ACRDX will be distributed through Plume’s Nest Credit vaults under the ticker nACRDX, making the strategy available to institutional investors on-chain. By packaging Apollo’s portfolio in tokenized form, the fund aims to lower entry barriers and enhance transparency for investors looking to enter private credit markets, according to a press release.
Apollo, a $600 billion-plus asset manager, is among several traditional finance firms exploring blockchain technology. Its digital assets head Christine Moy expressed that this initiative broadens access to institutional-grade strategies while helping “build the on-chain DeFi economy” alongside Grove and RialCenter.
The product combines Apollo’s investment management with Centrifuge’s tokenization infrastructure and Plume’s real-world asset-focused blockchain. Chronicle will serve as the oracle provider, while Wormhole will manage cross-chain connectivity. Pending approval, Anemoy will oversee the fund as manager.
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