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Grove Anchors $50 Million as Centrifuge and Plume Launch Tokenized Apollo Credit Fund

The launch channels Apollo’s private credit strategy to qualified on‑chain investors via Plume’s Nest Credit.

Overview

  • The Anemoy Tokenized Apollo Diversified Credit Fund (ACRDX) debuted with a $50 million anchor investment from Grove.
  • Access is offered on Plume’s Nest Credit under the ticker nACRDX for qualified institutional participants.
  • The feeder fund provides exposure to Apollo’s diversified global credit across direct corporate lending, asset‑backed lending, and dislocated credit.
  • Centrifuge handles tokenization, Plume provides the settlement layer, Chronicle supplies oracles, and Wormhole enables cross‑chain interoperability.
  • The product is positioned to lower entry barriers and improve transparency in private credit, with Anemoy slated to manage the vehicle pending approval.