Securitize and Gauntlet Bring Apollo Credit Fund On-Chain in DeFi Push

Tokenization platform Securitize – which boasts more than $3.3 billion in assets under management – is partnering with risk manager Gauntlet to bring private equity firm Apollo’s credit fund on-chain in a bid to bridge real-world assets (RWAs) with decentralized finance (DeFi). The partnership enables the launch of a “levered yield strategy” built around the Apollo Diversified Credit Securitize Fund (ACRED) running on Compound Blue, a Morpho-powered lending protocol on Polygon’s PoS network. Via a method called “looping,” the strategy lets permissioned ACRED holders boost returns by repeatedly borrowing against their holdings and reinvesting through a Gauntlet-optimized vault on Morpho. Securitize earlier today called the move “a new chapter” for institutional DeFi in a post on X , formerly Twitter. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant