Grove Invests $50 Million in Tokenized Apollo Credit Fund

Grove has invested $50 million as a cornerstone backer of the newly launched Anemoy Tokenized Apollo Diversified Credit Fund (ACRDX), giving investors blockchain-based access to Apollo’s global credit strategy, according to the project’s partners.

Tokenization on Plume Infrastructure

Built using Centrifuge’s tokenization stack and deployed on the Plume blockchain for real-world assets (RWA), ACRDX is now live on Plume Nest under the ticker NACRDX. The fund offers institutional investors exposure to corporate direct lending, asset-backed financing, performing loans, and distressed credit through a tokenized structure.

Combining Institutional Strengths

The initiative brings together Apollo’s asset management expertise, Centrifuge’s tokenization technology, Plume’s RWA rails, and Grove’s institutional capital. It also integrates Chronicle’s oracle services and Wormhole’s cross-chain interoperability.

Expanding Access to Private Credit

Organizers say the fund aims to lower barriers to private credit markets, enhance transparency, and showcase growing institutional demand for tokenized credit strategies. The project is still subject to regulatory approval, which would establish Anemoy as an official asset manager.