Apollo Diversified Credit Securitize Fund

Securitize Tokenized Apollo Diversified Credit Fund, Ltd. was formed in the British Virgin Islands in 2024. Its amended Form D says the Rule 506(c) offering first sold on January 28, 2025 and, by February 12, 2026, had raised $110.943 million from 26 investors with none recorded as non-accredited.

Apollo is attached through the destination fund and its managers. Securitize Markets distributes the private offering, while Securitize, LLC acts as registered transfer agent and Securitize supplies administration. Those roles must not be compressed into the claim that “Apollo issued a token.”

The SEC filing is a notice, not an SEC approval or a substitute for the subscription agreement. Its reported zero minimum field does not prove retail access or a zero-dollar current platform minimum.

The feeder says it invests substantially all assets in Apollo Diversified Credit Fund. That underlying vehicle is a Delaware registered closed-end interval fund advised by Apollo Capital Credit Adviser and sub-advised by Apollo Credit Management, investing across direct, asset-backed, performing, dislocated and structured credit.

Its portfolio cash and securities sit with BNY Mellon Trust Company; ALPS is administrator and accounting agent, and SS&C GIDS is transfer agent. Those are underlying-fund appointments. Public ACRED pages do not identify the feeder custodian or establish that a token holder owns any loan directly.

The January 2025 launch named six networks. Securitize’s current feed adds Sei and lists separate six-decimal contracts on Ink, Avalanche, Aptos, Ethereum, Solana, Sei and Polygon. Bridge, USDC on-ramp and redemption-wallet fields differ by chain, so the seven entries are not interchangeable plumbing.

Ethereum ACRED is an ERC1967 proxy. At creation it pointed to implementation 0xFc8a…06E2 and ownership moved to 0xd69F…ae78. The broader DS framework supports pause, mint, burn, seize, lock and compliance checks. That documents possible control surfaces, while current ACRED role holders and settings on every chain remain unverified.

Securitize advertised native redemption at daily NAV. The underlying fund, however, normally repurchases shares quarterly for at least 5% of shares and can prorate demand. A feeder can manage cash and processing around those clocks, but the public launch language does not promise unconditional same-day settlement or disclose ACRED cutoffs, gates and charges.

The same boundary applies to income and cost. The underlying accrues dividends daily and normally pays quarterly. Its prospectus reports Class I expenses, but the feeder share class, all-in ACRED cost and whether distributions are paid, reinvested, rebased or retained in NAV are not public.

Daily NAV is a valuation frequency, not a statement that every underlying loan can be sold daily. That distinction is the economic hinge of the feeder structure.