Apollo Diversified Credit Securitize Fund
ACRED
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
ACRED (Apollo Diversified Credit Securitize Fund) is a regulated tokenized feeder fund launched in January 2025 via Securitize, providing institutional-grade exposure to the Apollo Diversified Credit Fund. The token scores strongly in team and governance (8.0/10) and active development (8.0/10) due to Apollo Global Management's top-tier institutional backing, active multichain expansion (including Ethereum, Aptos, Avalanche, and Sei via Wormhole), and integration into DeFi protocols such as Morpho via sACRED. Security and audit history (7.5/10) is solid, supported by formal SEC Form D compliance, an SEC-filed prospectus, and an incident-free operational history, though specific public smart-contract audit reports remain limited. Tokenomics (6.5/10) and Market Use Case (6.5/10) reflect an asset-backed, elastic NAV-based model delivering attractive yields (~7.42% 30D APY on ~$95.5M AUM), though constrained by secondary market illiquidity, transfer whitelisting, and a small accredited investor base (72 holders). Community support is inherently low (2.0/10) by design given its permissioned, non-retail institutional focus. No qualifying red-flag events or fraudulent activities were identified.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Apollo Diversified Credit Securitize Fund (ACRED)
ACRED (Apollo Diversified Credit Securitize Fund) is a tokenized feeder fund issued through the Securitize platform that provides on-chain exposure to the Apollo Diversified Credit Fund, managed by Apollo Global Management (NYSE: APO). Launched on January 30, 2025, the token operates across multiple blockchain networks, including Ethereum, Aptos, Solana, Avalanche, Polygon PoS, Ink, and Sei, utilizing Wormhole as an interoperability partner. The underlying vehicle is a closed-end interval fund that allocates at least 80% of its assets to debt securities, operating under an SEC Form D exemption with a prospectus filed with the U.S. Securities and Exchange Commission.
The token utilizes an elastic, asset-backed supply model with no algorithmic emissions or vesting schedules, with share prices directly reflecting the underlying fund's Net Asset Value (NAV). As of August 2026, the fund maintains a live NAV of approximately $1,110 and an annualized 30-day yield of 7.42%. Utility centers on credit yield exposure and daily NAV redemptions through Securitize Markets, alongside structured decentralized finance integrations such as RedStone's sACRED ERC-4626 wrapper and a Gauntlet-managed levered yield strategy utilizing Morpho on Polygon PoS.
Because ACRED is structured as a regulated security for accredited investors, its operational model differs substantially from open crypto protocols. Transfers are subject to mandatory Know Your Customer (KYC) verification and whitelist restrictions, resulting in a small on-chain footprint of approximately 72 total holders and negligible public secondary trading volume. Structural risks include single-counterparty exposure to Apollo and Securitize, derivative smart contract risks from DeFi borrowing strategies, a 17.12% 30-day decline in assets under management to approximately $95.5 million in mid-2026, and the absence of publicly verifiable third-party smart contract audit scores in available documentation.