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

ChainCatcher news, according to CoinDesk, the RWA tokenization platform Securitize is currently expanding to the Sei blockchain, with its tokenized Apollo Diversified Credit Fund (ACRED) becoming the first platform to launch on this network, marking the first time tokenized private credit has landed on the Sei blockchain.

Securitize stated that other funds will also be launching on the Sei blockchain soon. According to RWA.xyz data, ACRED manages a total asset value of $112 million, complementing Apollo's private credit strategy, which covers areas such as corporate loans, asset-backed transactions, and distressed credit. The fund is limited to accredited investors and achieves cross-chain token interoperability through the cross-chain information transfer protocol Wormhole, facilitating asset movement across networks and enhancing liquidity.