ACRDX: Apollo’s Credit Strategy Brought Onchain

Developed through a collaboration between Plume and Centrifuge, ACRDX brings Apollo’s diversified global credit strategy directly onto blockchain rails. This fund opens access to a wide range of investment opportunities, spanning direct corporate lending, asset-backed financing, performing credit, and opportunistic debt markets.

Traditionally, these opportunities were restricted to large institutional investors. Now, with ACRDX, more than 200,000 RWA investors can gain access to strategies that were previously out of reach.

The Anemoy Tokenized Apollo Diversified Credit Fund (ACRDX) by @apolloglobal will deploy on Plume with $50M capital from @grovedotfinance

In partnership with @centrifuge, ACRDX brings Apollo's credit strategy onchain and makes it accessible via @NestCredit pic.twitter.com/wvrwbq9q6Q

— Plume – RWAfi Chain (@plumenetwork) September 16, 2025

Grove’s $50 Million Commitment

At the fund’s launch, Grove contributed $50 million as the first investor. According to Grove co-founder Sam Paderewski, this initiative highlights a belief in blockchain’s potential to transform private credit markets:

“The global private credit market belongs onchain. ACRDX not only delivers attractive returns for investors but also demonstrates the full potential of blockchain-powered capital markets.”

Institutional Standards and Infrastructure

ACRDX has been designed to meet institutional compliance and governance requirements from the ground up.

• Chronicle serves as the fund’s oracle provider, ensuring secure and reliable data feeds.

• Wormhole integration enables multi-chain compatibility, making the product accessible across ecosystems.

• Anemoy is set to play a role in fund management, ensuring rigorous oversight and robust governance frameworks.

Access via Nest Credit

Investors can access ACRDX through Nest Credit, Plume’s institutional-grade yield protocol. The fund is available under the token symbol nACRDX, offering investors greater transparency, faster settlement, and lower barriers to entry compared to traditional financial products.

Strategic Significance of the Partnership

For Plume, this collaboration marks a turning point in onchain capital markets. CEO and Co-Founder Chris Yin emphasized the importance of the initiative:

“The launch of ACRDX represents a milestone for blockchain-based capital markets. Working alongside Apollo, Centrifuge, and Grove showcases both the strength of our ecosystem and the growing institutional demand for diversified credit strategies.”

Similarly, Centrifuge CEO Bhaji Illuminati described the partnership as a natural evolution, pointing to the complementary roles each player brings:

• Centrifuge: Tokenization infrastructure

• Plume: RWA-focused blockchain environment

• Grove: Capital provider

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