Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Grove anchors $50m in Apollo tokenized credit fund on Plume

Grove anchors $50m in Apollo tokenized credit fund on Plume

Crypto.NewsCrypto.News2025/09/15 16:00
By:By Brian DangaEdited by Jayson Derrick

Grove has announced a landmark tokenization deal, deploying $50 million as the cornerstone investor for Apollo’s diversified credit strategy now live on the Plume blockchain.

Summary
  • Grove has anchored $50 million in Apollo’s new tokenized credit fund (ACRDX) on Plume.
  • The fund combines Apollo’s credit strategy with Centrifuge tokenization and Plume’s blockchain infrastructure.
  • Available via Plume’s Nest Credit protocol, the product offers institutional investors blockchain-based access to diversified credit market

According to a press release shared with crypto.news on September 16, the institutional credit protocol Grove has deployed $50 million as the anchor investment into the newly launched Anemoy Tokenized Apollo Diversified Credit Fund ACRDX.

The fund, a collaborative effort between tokenization specialist Centrifuge and real-world asset blockchain Plume, serves as a tokenized feeder into Apollo’s flagship diversified credit strategy. The vehicle is purpose-built for Nest Credit, Plume’s institutional yield protocol, where it will be accessible to qualified investors under the ticker nACRDX.

How the tokenized fund aims to reshape credit access

Operationally, Centrifuge provides the core tokenization infrastructure, transforming shares of the Apollo Diversified Credit Fund into on-chain tokens, while Plume’s blockchain acts as the purpose-built settlement layer, hosting the fund with its native compliance and DeFi integration features.

The tokenized offering, nACRDX, is then made available through Nest Credit’s vault system, providing a familiar interface for institutional participants. This end-to-end collaboration is bolstered by Chronicle oracles, which ensure reliable on-chain data feeds, while Wormhole’s technology guarantees the fund’s cross-chain interoperability.

By combining Apollo’s investment expertise with Centrifuge’s tokenization framework and Plume’s infrastructure, the fund is pitched as a compliant and institution-ready product.

The launch comes at a time when demand for diversified yield strategies is rising, particularly in private credit markets that have been historically opaque and restricted to larger institutions. Tokenization , in this case, promises greater transparency and efficiency, while potentially lowering barriers for investors seeking exposure.

“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.” Sam Paderewski, Co-Founder of Grove Labs, said.

Grove bills itself as an institutional-grade credit infrastructure protocol designed to function as a liquidity engine for decentralized finance, allowing qualified investors to access yield. The team at Grove Labs, which includes co-founders with deep TradFi and DeFi expertise, claims to have facilitated more than $5 billion in on-chain capital allocations prior to this deal.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Arthur Hayes’ New Article: BTC May Drop to 80,000 Before Kicking Off a New Round of “Money Printing” Rally

The bulls are right; over time, the money printer will inevitably go “brrrr.”

BlockBeats2025/11/18 20:05
Arthur Hayes’ New Article: BTC May Drop to 80,000 Before Kicking Off a New Round of “Money Printing” Rally

Mars Morning News | Federal Reserve officials divided on December rate cut, at least three dissenting votes, Bitcoin's expected decline may extend to $80,000

Bitcoin and Ethereum prices have experienced significant declines, with disagreements over Federal Reserve interest rate policies increasing market uncertainty. The mainstream crypto treasury company mNAV fell below 1, and traders are showing strong bearish sentiment. Vitalik criticized FTX for violating Ethereum’s decentralization principles. The supply of PYUSD has surged, with PayPal continuing to strengthen its presence in the stablecoin market. Summary generated by Mars AI. This summary was produced by the Mars AI model, and the accuracy and completeness of its content are still being iteratively updated.

MarsBit2025/11/18 19:23
Mars Morning News | Federal Reserve officials divided on December rate cut, at least three dissenting votes, Bitcoin's expected decline may extend to $80,000

"Sell-off" countdown: 61,000 BTC about to be dumped—why is it much scarier than "Mt. Gox"?

The UK government plans to sell 61,000 seized bitcoins to fill its fiscal gap, which will result in long-term selling pressure on the market.

MarsBit2025/11/18 19:23
"Sell-off" countdown: 61,000 BTC about to be dumped—why is it much scarier than "Mt. Gox"?

A $500,000 lesson: He made the right prediction but ended up in debt

The article discusses a trading incident on the prediction market Polymarket following the end of the U.S. government shutdown. Star trader YagsiTtocS lost $500,000 by ignoring market rules, while ordinary trader sargallot earned more than $100,000 by carefully reading the rules. The event highlights the importance of understanding market regulations. Summary generated by Mars AI. This summary was generated by the Mars AI model, and its accuracy and completeness are still being iteratively improved.

MarsBit2025/11/18 19:23
A $500,000 lesson: He made the right prediction but ended up in debt