Securitize, the top security token tokenization firm, has partnered with Gauntlet, a decentralized finance (DeFi) specialist. Together, they intend to take a tokenized version of Apollo’s credit fund into the DeFi universe. The campaign includes the launch of a new, leveraged-yield strategy based on the Apollo Diversified Credit Securitize Fund (ACRED). ACRED, a tokenized feeder fund launched in January, invests in Apollo’s $1 billion Diversified Credit Fund.
Securitize is busy putting its sToken instrument to active use. This groundbreaking tool allows for accredited token holders to stay in compliance and safeguard investors in decentralized networks. Their joint mission has been to integrate real-world assets into the crypto ecosystem.
In an interview with CoinDesk, Reid Simon, head of DeFi and credit solutions at Securitize, explained the plans. Securitize’s strategy is designed to provide the institutional-grade DeFi that institutions are looking for.
"The idea behind the product is we want our securities to be plug and play competitive with stablecoin strategies writ large," - Reid Simon
According to Securitize CEO Carlos Domingo, this development is the latest step that illustrates the firm’s intention to develop institutional-grade DeFi.
"This is a strong example of the institutional-grade DeFi we’ve been working to build: making tokenized securities not only accessible, but compelling to crypto-native investors seeking strategies that objectively outpace their traditional counterparts,” - Carlos Domingo
Significant, Securitize’s sToken tool is being used for the first time with the Apollo Diversified Credit Securitize Fund.
