Apollo's Diversified Credit Strategy Comes Onchain with $50M Deployment by Grove on Plume, In Partnership with Centrifuge
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Plume, the first full-stack chain built for real-world assets, together with Centrifuge, is bringing Apollo’s institutional capital onchain through the launch of the Anemoy Tokenized Apollo Diversified Credit Fund Segregated Portfolio (ACRDX).
With a $50 million anchor deployment from Grove, ACRDX connects Apollo’s diversified credit strategy directly to the 200,000+ RWA holders on Plume — making this one of the first times institutional-grade credit is available at scale to a broad, onchain investor base.
ACRDX will serve as a feeder fund that provides tokenized access to Apollo Diversified Credit Fund, a diversified global credit strategy investing across corporate direct lending, asset-backed lending, performing credit and dislocated credit. This launch marks another milestone in tokenized assets and reflects increasing demand from institutions for blockchain-native access to leading investment products.
“The launch of ACRDX on Plume is a major milestone for onchain capital markets and validates our mission to be the home of real-world asset finance,” said Chris Yin, CEO and Co-Founder of Plume. “Bringing together Apollo, Centrifuge, and Grove on Plume underscores the strength of our ecosystem and the growing institutional demand for diversified credit markets onchain. This collaboration showcases how Plume is setting the standard for the next generation of financial infrastructure.”
nACRDX will be accessible via Nest Credit, the flagship, institutional-grade yield protocol by Plume. The Nest tokenized asset is available to institutional investors through the Nest Credit vault platform under the ticker nACRDX. The launch of nACRDX comes at a critical moment, as global investors are increasingly seeking access to high-quality, diversified strategies and new private credit market opportunities. nACRDX lowers barriers to entry, increases transparency, and offers investors faster, more efficient access.
“Partnering with Apollo to bring ACRDX to Plume is a natural evolution of our collaboration with both Plume and Grove to date,” said Bhaji Illuminati, CEO of Centrifuge. “Centrifuge provides the infrastructure to tokenize and manage the fund, Plume offers the RWA-optimized blockchain environment, and Grove serves as the capital highway needed to unlock access to diversified credit opportunities onchain.”
By combining Apollo’s global credit expertise and Centrifuge’s tokenization infrastructure with Plume’s purpose built RWA rails and multichain distribution, ACRDX brings a diversified credit strategy onchain. Together, they are delivering compliant, investor-ready tokenized products at scale.
Christine Moy, Partner at Apollo and Head of Digital Assets, Data and AI Strategy, commented: “Apollo is committed to expanding tokenized access to institutional-grade credit strategies onchain, meeting global investors where they are with innovative yield products. We’re pleased to welcome Grove as an anchor investor on Plume, and to help build the onchain DeFi economy together with Centrifuge and the Sky Ecosystem.”
The launch of ACRDX reflects the convergence of institutional-grade investment management with cutting-edge blockchain infrastructure. The fund leverages Chronicle as its oracle provider to deliver secure and reliable onchain data, and integrates with Wormhole to ensure seamless cross-chain interoperability. Subject to regulatory approval, Anemoy will act as the fund’s asset manager, reinforcing the project’s commitment to professional oversight and robust governance.
“We are pleased to support ACRDX with this $50 million anchor deployment at a time when a tremendous opportunity exists for blockchain-based capital markets,” added Sam Paderewski, Co-Founder of Grove Labs. “We created Grove because we believe that the global private credit market is one of the most important asset classes to bring on-chain, and yet one that remains largely untapped by tokenization. As investors seek attractive yields and diversification, ACRDX not only serves as a solution providing exposure across global private and public credit markets, but also validates our mission that institutional-grade credit is a core pillar of the blockchain economy.”
By delivering a diversified credit strategy onchain at meaningful scale, ACRDX demonstrates how asset managers, blockchain platforms, infrastructure providers, and institutional investors can collaborate to unlock the full potential of tokenization. It broadens investor access, enhances transparency, and sets a new precedent for how traditional financial products can expand into crypto capital markets while maintaining the rigor and compliance standards of institutional finance.