Grove has invested $50 million in Apollo's new tokenized credit fund, ACRDX, launched on the Plume blockchain. Announced on September 16, the fund integrates Apollo's credit strategy with Centrifuge's tokenization and Plume's blockchain infrastructure, targeting institutional investors through Plume's Nest Credit protocol. This initiative aims to improve transparency and efficiency in private credit markets, traditionally accessible only to larger institutions, by leveraging Chronicle oracles and Wormhole's cross-chain technology for reliable data and interoperability.
Grove Commits $50M to Apollo's Tokenized Credit Fund on Plume
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