Grove plans $50M deployment to anchor ACRDX launch on Plume
Bringing more institutional credit onchain through Apollo’s diversified global credit strategy.
Overview
Today, we are announcing a $50M anchor allocation (subject to governance approval) to the Anemoy Tokenized Apollo Diversified Credit Fund (ACRDX), a new feeder that brings Apollo’s diversified global credit strategy onchain. ACRDX will launch on Plume, the first full-stack chain designed for real-world assets, with tokenization infrastructure provided by Centrifuge.
Why this matters
Traditional credit markets are large, yet historically closed. Tokenization brings them onchain with faster access, programmable distribution, and verifiable data. ACRDX extends those advantages to a proven, diversified credit strategy while preserving the rigor institutions expect. It is another step toward our mission to make institutional-grade credit a core pillar of the onchain economy.
What is ACRDX?
ACRDX is a tokenized feeder to Apollo’s Diversified Credit Fund, a multi-strategy credit vehicle that invests across corporate direct lending, asset-backed lending, and performing or dislocated credit. The tokenized structure is built to lower frictions, increase transparency, and improve distribution across the DeFi stack, without compromising governance or compliance.
“We created Grove because we believe that the global private credit market is one of the most important asset classes to bring onchain, and yet one that remains largely untapped by tokenization. As investors seek attractive yields and diversification, ACRDX not only serves as a solution providing exposure across global private and public credit markets, but also validates our mission that institutional-grade credit is a core pillar of the blockchain economy.” — Sam Paderewski, Co-Founder, Grove Labs
Access on Nest Credit by Plume
Nest Credit is Plume’s flagship, institutional-grade yield protocol. On the Nest Credit vault platform, the tokenized ACRDX feeder will be available to institutional investors under the ticker nACRDX. This launch is occurring as global investors are seeking high quality, diversified strategies and new paths into private credit. nACRDX lowers barriers to entry, increases transparency, and delivers faster, more efficient participation.
