Grove plans $50M deployment to anchor ACRDX launch on Plume

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.

Under the hood

• Tokenization: Centrifuge provides end-to-end rails to issue, manage, and service the tokenized feeder with institutional controls.
• Data integrity: Chronicle oracles deliver verifiable pricing and reference data for tokenized assets and DeFi integrations.
• Interoperability: Plume’s ecosystem is built for multichain distribution. Broader RWA stacks, including Centrifuge’s multichain roadmap, are integrating cross-chain messaging such as Wormhole to route assets and flows where builders and users are.

The bigger picture

Over the last year, Apollo has been expanding tokenized access to its credit strategies. ACRDX continues that arc while adding RWA-native distribution through Plume and Centrifuge. For Grove, anchoring ACRDX is about building the liquidity layer that lets capital move with less friction and more transparency.

Institutions and Partners

If you are an institution or ecosystem partner and want to learn more about collaborative opportunities, reach out to Grove at grove.finance/partners.

Important information and disclaimers

This post is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Any offering will be made only to eligible investors and will be subject to regulatory approval and final documentation. Tokenized products involve risk, including possible loss of principal. Performance is not guaranteed.