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Apollo and Securitize launch tokenized private credit fund on major blockchains

Securitize, the BlackRock-backed tokenized real-world assets platform, has partnered with Apollo Global Management, a company listed on the New York Stock Exchange, to bring private credit on-chain. On Jan. 30, Apollo and Securitize announced the launch of the Apollo Diversified Credit Securitize Fund, known as ACRED, a feeder fund designed to bring private credit on-chain. The non-traded, closed-end interval fund provides institutional and accredited investors with access to tokenized investment opportunities. It seeks to generate both current income and capital appreciation and will be available to qualified investors through Securitize Markets, the broker-dealer division of Securitize. You might also like: Netherlands’ third-largest bank ABN AMRO pilots tokenized trading on Ethereum According to the announcement, investors will gain access to a diversified credit strategy, including investments in asset-backed lending and corporate direct lending. The fund also brings performing, dislocated, and structured credit on-chain. ACRED is structured as a non-traded, closed-end interval fund that aims to deliver stable income and capital appreciation while maintaining low volatility and a low correlation to broader markets. “The next wave of demand for tokenized assets has emerged around fixed income, including private credit,” said Carlos Domingo, co-founder and chief executive officer of Securitize. “Apollo’s expertise in private credit makes them an ideal partner in tokenizing this category of real-world assets (“RWA”), unlocking broader opportunities for investors,” the Securitize CEO added. ACRED will initially go live on select blockchain networks, including Ethereum ( ETH ), Solana ( SOL ) and Aptos ( APT ). Others are Avalanche, Polygon and Ink, the layer-2 blockchain by Kraken. Additionally, multi-chain support will allow Securitize to leverage Wormhole’s interoperability technology, enabling seamless token transfers across different blockchain networks. Read more: Securitize taps Wormhole as primary interoperability solution Bitcoin.com

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This ERC-20 Token Might Build Generational Wealth Like XRP Did Back in 2018

The cryptocurrency landscape is ever-evolving, with fresh projects vying to become the next sensation. Ripple (XRP) serves as a testament to what`s achievable in the crypto sphere, as it saw tremendous growth in 2018. Now, a new ERC-20 token is stepping into the limelight, potentially offering a similar chance to generate generational wealth. This piece will delve into Ripple`s past triumphs and the emerging opportunities, Ethereum`s pivotal role in advancing blockchain technology, and the position of DTX Exchange as a promising newcomer in this fiercely competitive space. Ripple (XRP): A Shining Example of Rapid Expansion In 2018, XRP`s price soared to an all-time high of $3.40. This surge was the result of years of consistent efforts to gain market acceptance. XRP`s role as an innovative, efficient, and cost-effective solution for cross-border transactions places it prominently within the digital finance sector. Following this impressive rise, XRP`s value experienced numerous ups and downs. However, in recent months, XRP has surged back into the spotlight, surpassing $3.35 and reigniting investor excitement. At present, it`s valued at $3.13, marking a 7% increase in just 24 hours, and it stands as the third-largest cryptocurrency, boasting a market cap exceeding $180 billion. Source: CoinMarketCap This resurgence is fueled by encouraging developments, such as discussions about XRP ETFs. If approved, these could ensure liquidity and sustained growth through institutional investments. The XRP narrative exemplifies the generational wealth potential that innovative and strategically positioned cryptocurrencies can offer. Ethereum (ETH): The Driving Force Behind Blockchain Advancements Ethereum ranks as the second most valuable cryptocurrency by market cap and revolutionized blockchain with its DeFi and smart contract capabilities. This paved the way for decentralized applications and the ERC-20 token standard, which many projects have built upon. Currently, ETH trades at impressive levels, hovering around $3,150, and remains a cornerstone of the crypto industry. The ERC-20 standard has provided a foundation for launching some groundbreaking projects. It advances initiatives with a focus on security and investor interests, much like DTX Exchange, another platform gaining notable attention. DTX Exchange (DTX) Captures Investor Attention with its Wealth-Building Potential DTX Exchange is a newly launched platform that seamlessly integrates the worlds of cryptocurrencies, forex, and stock trading. It offers a diverse range of over 120,000 trading instruments, including tokenized real-world assets, all supported by cutting-edge blockchain technology. DTX distinguishes itself with its dedication to security and functionality. Powered by the Vulcan X blockchain, the platform guarantees scalability, speed, and multi-asset support through its Phoenix Wallet. This innovation appeals to both retail and institutional investors, fostering transparency and trust with a completed SolidProof audit. The native token of DTX Exchange, DTX, has already attracted considerable interest during its presale phases. Starting at a mere $0.02, the token has reached $0.16 in its eighth and final presale stage, with an anticipated listing price of $0.20. This upward trend mimics the initial growth patterns of XRP, sparking speculation about DTX`s potential. The platform has generated over $13 million and attracted more than 500,000 investors. These individuals are eager to profit from the platform`s unique features and its potential to create enduring wealth. Conclusion Ripple`s XRP demonstrated how innovation and market acceptance can lead to rapid growth, enriching early investors. Similarly, DTX is positioning itself as a frontrunner in the crypto market with its advanced platform and expanding community. With its solid technology and market potential, DTX Exchange could very well follow Ripple`s path, offering generational wealth to those who realize its promise early on. To get involved with DTX Exchange and secure your position before its official listing: Visit Website Buy Presale Join Community Bitcoin.com