A large private credit fund, directed by Apollo, will be moved to Solana’s decentralized finance (defi) ecosystem. This step indicates that efforts to integrate traditional financial tools with blockchain -based systems have accelerated. The initiative organized by Kamino Finance also contributes to Securitized and Steakhouse Financial.
Solana news
Apollo’s Diversified Credit Securitized Fund ‘(Acred) token aims to be the first accessible example for lending and leverage processes on Solana. Security control continues to release the Acred Token. Token, which was launched in January, provides investors access to Apollo’s private credit strategies within the framework of Securitized’s Token framework.
In addition, Acred is the first being in Solana, which uses Securitized’s new generation of Stolen Standard. The company said that other assets will use this standard in the future. This development is seen as a turning point in the tokens of real world assets in the Solana network.
Traditional financial products such as funds, bonds and real estate known as real world assets aim to provide transparency and access in investment processes by bringing together with Blockchain technology. These assets are used as collaterals in decentralized financial protocols and can be included in automatic investment strategies.
Reid Simon, Securitized Defi and Credit Solutions Head: “The true value of tokens is emerging by integrating these assets into Defi and developed around new products and strategies.”
Although the Solana Network has grown in the defi market, the integration of real world assets is Ethereum so far. $2,499.94remained in the shadow. According to Rwaxyz data, the total value of real world assets in Solana is around $ 330 million, which is quite low compared to the defi market of approximately $ 9 billion of the network.
Corporate interest and new uses
The entry of the Acred token to the Solana ecosystem reveals the increasing interest of institutions and existence exports. This potential points to a significant change in the sector. Kamino’s founding partner Marius Ciubotariu emphasizes that at a point, such assets can be moved to Blockchain as well as real uses.
Marius Ciubotariu, Kamino Founding Partner: “Solana has experienced a great growth on the user side in recent years. However, we have attracted great interest from institutions and existence exports behind the scenes. The sector finally carries these assets to Blockchain and offer meaningful uses.”
With Kamino’s Multiply product, users will be able to use the Acred token for return strategies. These strategies will automatically re -deposit assets to increase the exposure of users, while collateral and debt levels will be managed with fading smart contracts. This method is likened to the approach introduced by Gauntlet recently in the polygon network.
ADCV, Founder of Steakhouse Financial Partner: “The combination of off-chain credit assets can accelerate the long-term growth of Solana Defi.”
Apollo is a huge company and is connected to the world’s largest asset manager Blackrock. So the latest development for Solana is quite motivating.
The use of real world assets in the defi practices on solana can enable individual and institutional investors to access more various financial products. The turning of market players to this area can prepare the ground for the future of Solana to become an important network for real world assets. With this development, users may have access to various automatic financial strategies, as well as use traditional assets as collateral.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
