Grove deployed $50 million as an anchor investor in the newly launched Anemoy Tokenized Apollo Diversified Credit Fund (ACRDX), a feeder vehicle providing tokenized access to Apollo’s diversified global credit strategy, the partners announced.
Grove Anchors $50M Tokenization of Apollo Diversified Credit Fund (ACRDX) on Plume
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Built with Centrifuge’s tokenization infrastructure and launched on Plume’s real‑world asset ( RWA) blockchain, ACRDX will be available on Plume’s Nest Credit protocol under the ticker NACRDX, enabling institutional investors to access corporate direct lending, asset‑backed lending, performing credit and dislocated credit onchain. The initiative combines Apollo’s asset management expertise, Centrifuge’s tokenization stack, Plume’s RWA rails and Grove’s institutional capital corridor, and integrates Chronicle for oracle data and Wormhole for cross‑chain interoperability. Organizers say the fund lowers barriers to private credit, increases transparency and demonstrates institutional demand for tokenized credit strategies, subject to regulatory approvals for Anemoy to act as asset manager.
