Key Takeaways
- • HashKey Exchange has launched ACRED (Securitize Tokenized Apollo Diversified Credit Fund), a tokenised feeder fund providing professional investors access to Apollo Global Management's diversified credit strategy across corporate direct lending, asset-backed lending, performing credit, and dislocated credit.
- • The product requires a minimum investment of 50,000 USDC with daily subscription capability and daily NAV publication, but liquidity is restricted to quarterly repurchase cycles with a 5% fund-level redemption gate per cycle.
- • ACRED tokens purchased through HashKey Earn Channel cannot be transferred between users or withdrawn to external blockchain wallets; investors must exit exclusively through the quarterly repurchase programme, with unfulfilled redemption requests not automatically carried forward.
- • The tokenisation structure represents a strategic integration between HashKey's digital asset platform, Securitize's tokenisation infrastructure, and Apollo's institutional-grade credit management capabilities, targeting professional investors seeking diversified credit exposure through blockchain settlement.
Summary
HashKey Exchange has entered the tokenised private credit space by launching ACRED, a digitally-issued feeder fund that provides professional investors with access to Apollo Global Management's diversified credit fund. The product became available through HashKey's Earn Channel as of July 31, 2026, marking a significant convergence between alternative credit investing and blockchain infrastructure.
The fund is structured as a tokenised feeder vehicle issued through Securitize, with substantially all investable assets allocated to Apollo's Diversified Credit Fund. The underlying strategy spans multiple credit segments including corporate direct lending, asset-backed lending, performing credit instruments, and dislocated credit positions. This diversification approach positions the product as an institutional alternative credit vehicle, leveraging Apollo's global credit platform and active management expertise.
Investment mechanics establish a 50,000 USDC minimum entry point with daily subscription capability and real-time NAV publication, creating operational transparency consistent with institutional standards. However, the liquidity structure deviates from traditional open-ended funds. Rather than continuous redemptions, investors access capital exclusively through quarterly repurchase cycles administered by Securitize. A 5% fund-level redemption gate applies during each quarterly cycle, with excess requests processed pro-rata. Critically, unfulfilled redemption requests do not automatically roll forward—investors must resubmit during subsequent quarters. Additionally, ACRED tokens cannot be transferred peer-to-peer among HashKey users or withdrawn to external blockchain wallets, effectively confining the exit mechanism to the quarterly repurchase programme.
This tokenisation model addresses a core institutional demand: blockchain-based settlement infrastructure for private credit without compromising the liquidity management protocols necessary for illiquid underlying assets. The partnership bridges Apollo's credit expertise, Securitize's tokenisation and compliance infrastructure, and HashKey's digital asset distribution capabilities, targeting professional investors seeking exposure to Apollo's credit strategies through a digital-native structure.
The fund is structured as a tokenised feeder vehicle issued through Securitize, with substantially all investable assets allocated to Apollo's Diversified Credit Fund. The underlying strategy spans multiple credit segments including corporate direct lending, asset-backed lending, performing credit instruments, and dislocated credit positions. This diversification approach positions the product as an institutional alternative credit vehicle, leveraging Apollo's global credit platform and active management expertise.
Investment mechanics establish a 50,000 USDC minimum entry point with daily subscription capability and real-time NAV publication, creating operational transparency consistent with institutional standards. However, the liquidity structure deviates from traditional open-ended funds. Rather than continuous redemptions, investors access capital exclusively through quarterly repurchase cycles administered by Securitize. A 5% fund-level redemption gate applies during each quarterly cycle, with excess requests processed pro-rata. Critically, unfulfilled redemption requests do not automatically roll forward—investors must resubmit during subsequent quarters. Additionally, ACRED tokens cannot be transferred peer-to-peer among HashKey users or withdrawn to external blockchain wallets, effectively confining the exit mechanism to the quarterly repurchase programme.
This tokenisation model addresses a core institutional demand: blockchain-based settlement infrastructure for private credit without compromising the liquidity management protocols necessary for illiquid underlying assets. The partnership bridges Apollo's credit expertise, Securitize's tokenisation and compliance infrastructure, and HashKey's digital asset distribution capabilities, targeting professional investors seeking exposure to Apollo's credit strategies through a digital-native structure.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.