Apollo Diversified Credit Securitize Fund

Apollo Diversified Credit Securitize Fund (ACRED) is a token issued by the tokenized securities platform Securitize that represents shares in a feeder fund investing in the Diversified Credit Fund of alternative asset manager Apollo. ACRED has been issued on several blockchains, including Ethereum, Solana, Polygon, Avalanche, Aptos and Ink.

The master fund's strategy rests on a multi-asset approach spanning areas such as direct corporate lending, asset-backed credit, performing credit, distressed credit and structured credit. The aim is to generate income and grow capital value. ACRED's price is set by the fund's net asset value; it therefore does not stay fixed at the one-dollar level and changes as income accrues. The token can be held solely by investors who pass Securitize's eligibility checks, and transfers are restricted by these rules.

ACRED's value depends on default trends in credit markets, interest rates, the diversification of the fund portfolio, the workings of the issuer and custody structure, and regulation of tokenized funds. The ACRED page on Lzzo.com features DefiLlama's US dollar reference price and a chart showing how this price has moved over time.