Apollo Diversified Credit Securitize Fund

Overview

ACRED is a tokenized feeder vehicle created by Securitize that invests in Apollo Diversified Credit Fund, a US closed-end interval fund. The underlying strategy spans corporate direct lending, asset-backed lending and performing, dislocated and structured credit. Tokens are issued natively on several public blockchains and are available only to qualifying investors via Securitize Markets.

Shares of Apollo Diversified Credit Fund (SEC-registered interval fund) investing in corporate direct lending, asset-backed lending, and performing/dislocated/structured credit

Product structure

Legal wrapper

BVI business company acting as feeder fund

Domicile

British Virgin Islands

Regulatory status

Under the BVI Securities and Investment Business Act (FSC oversight) per rwa.xyz; Form D filed with the US SEC (CIK 0002056038, February 2025); distributed via Securitize Markets, LLC (broker-dealer)

Asset segregation

Investors hold shares in a dedicated BVI feeder company that holds interests in the underlying Apollo fund; no further SPV or segregation detail found in public sources

Custodian

Silicon Valley Bank (per rwa.xyz)

Fund administrator

Securitize Fund Services

Auditor

WithumSmith+Brown

Transfer agent

Securitize (SEC-registered digital transfer agent)

Tokenization agent

Securitize

Proof of reserve

None identified; RedStone provides NAV price feed (not a reserve attestation)

Redemption & liquidity

Redemption terms

Launch press release cites native redemptions at daily NAV; rwa.xyz lists a quarterly subscription/redemption cycle. The underlying interval fund offers quarterly repurchases of 5% (up to 7%) of shares at NAV, paid within 7 days of pricing (e.g. Nov 3, 2026 pricing date).

Secondary liquidity

Transfers limited to whitelisted/KYC'd wallets; a wrapped version (sACRED) is used in DeFi venues (e.g. Morpho on Polygon, Drift Institutional on Solana) with RedStone NAV oracle

Yield mechanism

NAV accrual (token price tracks feeder NAV)

Fees

Feeder management fee 0.50% p.a.; no performance, subscription or redemption fee at feeder level (rwa.xyz). Underlying fund fees charged separately (RedStone cites 1.5% management fee, no carry, for the underlying).

On-chain information

EthereumSolanaAptosSeiInkAvalanchePolygon

Token standard

ERC-20 (EVM chains), Token-2022 (Solana), Aptos native

Transfer restrictions

Permissioned: KYC/AML and wallet whitelisting required to hold, mint or redeem

Contract addresses: unverified

Notes & material events

Recent rwa.xyz data show negative short-term APY (30-day -1.11%, 7-day -3.89% as of 2026-09-30), indicating a NAV decline. Redemption frequency is reported inconsistently (daily per launch release vs quarterly per rwa.xyz and HashKey distribution terms). HashKey launched a separate professional-investor feeder into ACRED in July 2026 with quarterly repurchases and a 5% gate. Launch release listed six chains; Sei added later.

Revision history

No published revisions.