Apollo Diversified Credit Securitize Fund

ACRED is a tokenized feeder fund that channels investor capital into the Apollo Diversified Credit Fund, an actively managed private and public credit vehicle run by Apollo Global Management. It is designed for investors who want exposure to a diversified credit portfolio — spanning corporate direct lending, asset-backed lending, and related strategies — through a blockchain-native wrapper. The fund aims to generate current income with low volatility and low correlation to broader financial markets.

ACRED tokens represent fractional ownership in the feeder fund and exist across several blockchain networks, including Ethereum, Solana, Avalanche, Polygon, and Aptos, with settlement and custody handled through the Securitize platform. Each token is priced daily, reflecting the net asset value of the underlying fund rather than trading freely on an open market. There is no consensus algorithm or block production native to ACRED itself; the token's mechanics depend on the smart-contract infrastructure of whichever host blockchain it resides on.

The project description states a zero percent performance fee, meaning Apollo does not take a cut of gains at the feeder-fund level for this share class. The data does not record any protocol-level fee stream flowing through the token itself, so fee-based measures commonly tracked on this site — such as fee revenue or protocol earnings — are not applicable here. Management or administrative fees at the underlying fund level are not detailed in the data provided, so no figures for those can be stated.