Securitize, Gauntlet Bring Apollo’s Tokenized Credit Fund to DeFi With Leveraged Yield Strategy

Securitize and Gauntlet Plan to Tokenize Apollo’s Credit Fund for DeFi

In a groundbreaking partnership, tokenization firm Securitize and decentralized finance (DeFi) specialist Gauntlet are collaborating to bring a tokenized version of Apollo’s credit fund to the DeFi ecosystem. This move signifies a significant step in integrating real-world assets into the crypto space and expanding the possibilities for investors.

The collaboration between Securitize and Gauntlet will focus on creating a leveraged-yield strategy centered on the Apollo Diversified Credit Securitize Fund (ACRED). ACRED is a tokenized feeder fund launched in January that invests in Apollo’s $1 billion Diversified Credit Fund. The new offering, named the Levered RWA Strategy, will be powered by Compound Blue, a lending protocol developed by Morpho.

Initially available on the Polygon (POL) blockchain, the Levered RWA Strategy is expected to roll out on the Ethereum mainnet and other blockchains following a pilot phase. This strategy aims to make tokenized real-world assets more accessible and competitive with stablecoin strategies in the DeFi space.

Reid Simon, head of DeFi and credit solutions at Securitize, expressed his enthusiasm for the product, stating, “The idea behind the product is we want our securities to be plug and play competitive with stablecoin strategies writ large.”

Tokenized real-world assets (RWAs) have been gaining traction in traditional finance, with major firms like BlackRock, HSBC, and Franklin Templeton exploring blockchain-based asset issuance and settlement. The introduction of tokenized assets into DeFi presents a new challenge of enabling their use across various DeFi applications, including collateral for loans, margin trading, and building innovative investment strategies.

The Levered RWA Strategy utilizes a DeFi-native yield optimization technique known as “looping.” This strategy involves depositing ACRED tokens into a vault, using them as collateral to borrow USDC, and then using the borrowed funds to purchase more ACRED tokens. This recursive process aims to enhance yield, with exposure adjusted dynamically based on real-time borrowing and lending rates.

All trades within the strategy are automated using smart contracts, reducing the need for manual oversight. Gauntlet’s risk engine actively manages risk by monitoring leverage ratios and unwinding positions in volatile market conditions to protect users.

Paul Frambot, CEO and co-founder of Morpho, highlighted the transformative potential of DeFi, stating, “This use case uniquely demonstrates how DeFi enables investors in funds like ACRED to access financial composability that is simply not possible on traditional rails.”

The integration of Securitize’s sToken tool allows accredited token holders to maintain compliance and investor protections within decentralized networks. ACRED investors can mint sACRED tokens, enabling them to participate in broader DeFi strategies while adhering to regulatory requirements.

Carlos Domingo, CEO of Securitize, emphasized the significance of the collaboration, stating, “This is a strong example of the institutional-grade DeFi we’ve been working to build: making tokenized securities not only accessible but compelling to crypto-native investors seeking strategies that objectively outpace their traditional counterparts.”

Overall, the partnership between Securitize and Gauntlet represents a significant milestone in the evolution of DeFi, showcasing the potential for integrating real-world assets into the crypto ecosystem and unlocking new opportunities for investors. Bullish group is majority owned by Block.one, a leading blockchain and digital asset company. Both companies have interests in a variety of blockchain and digital asset businesses and hold significant holdings of digital assets, including bitcoin. CoinDesk, an independent subsidiary of Bullish group, operates with journalistic integrity under the guidance of an editorial committee chaired by a former editor-in-chief of The Wall Street Journal.

The partnership between Bullish group and Block.one brings together expertise in blockchain technology and digital assets. With a shared vision for the future of decentralized finance, the companies are well-positioned to drive innovation in the industry. By leveraging their combined resources and experience, Bullish group and Block.one aim to create new opportunities for investors and developers in the blockchain space.

As a key player in the digital asset market, Bullish group is committed to promoting transparency and security in the industry. By adhering to best practices and regulatory guidelines, the company aims to build trust among its stakeholders and support the growth of the blockchain ecosystem. With a focus on compliance and risk management, Bullish group is well-prepared to navigate the evolving regulatory landscape and ensure the long-term success of its business.

In conclusion, the partnership between Bullish group and Block.one represents a significant step forward for the blockchain and digital asset industry. With a shared commitment to innovation and integrity, the companies are poised to drive growth and development in this rapidly evolving space. As they continue to collaborate and explore new opportunities, Bullish group and Block.one are well-positioned to shape the future of decentralized finance and revolutionize the way we think about digital assets. Could’ve sworn the page was around here somewhere…

As you navigate the vast landscape of the internet, you may occasionally find yourself lost in a sea of digital information. Perhaps you stumbled upon a broken link or mistyped a URL, leading you to a familiar yet frustrating sight – the 404 error page.

The 404 error page is a standard response code in web browsers, indicating that the server could not find the requested webpage. Often accompanied by a whimsical or informative message, these pages serve as a virtual breadcrumb trail to guide lost users back to familiar territory.

One such 404 error page features an image of a perplexed expression, with the text “Could’ve sworn the page was around here somewhere…” emblazoned across the top. This playful message is designed to lighten the mood and reassure users that they are not alone in their digital wanderings.

Below the message, an image of a puzzled face adds a touch of humor to the situation, inviting users to chuckle at their shared predicament. The image is accompanied by a button prompting users to “Go To Homepage,” offering a quick and easy way to return to familiar ground.

While the 404 error page may be a temporary detour in your online journey, it serves as a reminder of the vast and ever-changing nature of the internet. So next time you find yourself lost in the digital wilderness, take a moment to appreciate the quirky charm of the 404 error page and embrace the adventure of exploration. Recent studies have found that the key to a longer, healthier life may lie in our daily habits and routines. From diet and exercise to mental health and social connections, there are many factors that can influence our overall well-being.

One of the most important habits for a healthy lifestyle is maintaining a balanced diet. Consuming a variety of fruits, vegetables, whole grains, lean proteins, and healthy fats can provide the essential nutrients our bodies need to function properly. Avoiding processed foods, sugary drinks, and excessive amounts of salt and saturated fats can help reduce the risk of chronic diseases such as heart disease, diabetes, and obesity.

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In addition to diet and exercise, mental health is an important aspect of overall well-being. Taking time to relax, unwind, and de-stress can help improve mood, reduce anxiety, and enhance cognitive function. Practices such as meditation, mindfulness, and deep breathing exercises can all contribute to a healthier state of mind.

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The Bermuda Triangle, also known as the Devil’s Triangle, is roughly bounded by Miami, Bermuda, and Puerto Rico, and it covers an area of about 500,000 square miles. It has been the site of countless disappearances dating back to the early 20th century, with some estimates suggesting that as many as 1,000 lives have been lost in this enigmatic stretch of ocean.

One of the most famous disappearances in the Bermuda Triangle occurred in 1945 when Flight 19, a squadron of five U.S. Navy torpedo bombers, vanished without a trace during a routine training mission. Despite an extensive search effort, no wreckage or bodies were ever found, leading to speculation about the possible causes of the disappearance, ranging from magnetic anomalies to extraterrestrial interference.

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One of the most promising applications of AI in healthcare is in medical imaging. Traditional methods of interpreting medical images, such as X-rays and MRIs, rely on human expertise to detect abnormalities. However, AI algorithms have shown great potential in analyzing these images with a level of accuracy and efficiency that surpasses human capabilities. By training AI models on large datasets of medical images, researchers have been able to develop algorithms that can identify patterns and anomalies in images that may not be immediately apparent to the human eye. This can lead to earlier detection of diseases and more accurate diagnoses, ultimately improving patient outcomes.

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Despite the many benefits of AI in healthcare, there are also challenges that need to be addressed. One of the main concerns is the potential for bias in AI algorithms, which can lead to disparities in healthcare outcomes for different patient populations. Researchers are working to develop methods to mitigate bias in AI algorithms and ensure that they are fair and equitable.

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The changing climate is also affecting the distribution of plankton, which form the base of the marine food chain. Changes in plankton populations can have far-reaching effects on the entire marine ecosystem, as many species rely on plankton as a food source.

In addition to these direct impacts, climate change is also leading to more extreme weather events like hurricanes and typhoons, which can devastate marine habitats and cause widespread destruction.

It is clear that climate change is having a profound impact on marine life, and urgent action is needed to address this crisis. Governments, scientists, and individuals all have a role to play in reducing greenhouse gas emissions, protecting marine habitats, and promoting sustainable fishing practices to help mitigate the effects of climate change on marine life. Only by working together can we hope to preserve the incredible diversity of marine life for future generations.