Under active development. We're continuously fixing and improving the metrics and parameters, so scores and ratings may change. See changelog

RWABeat

Apollo Diversified Credit Securitize Fund

Tokenized feeder into Apollo Diversified Credit Fund, a 1940 Act closed-end interval fund. The token is Securitize DS Protocol on a standard upgradeable proxy, with a different owner wallet from BUIDL. One wallet can upgrade, mint and seize, with no timelock. The Apollo fund offers to buy back at least 5% of shares each quarter. Also deployed on Ink, Sei, Solana and Aptos, which this version does not read.

Private creditAccredited investors onlyTransfer-restrictedOnchain dataIssued by Apollo · Platform Securitize
Value
$34.7M
Stage
Stage 0
Disclosed
Single-key powers
414
Single key holds critical power
Oracle age
23h 39m
On schedule
Used as DeFi collateral
$0· 0 markets

Risk rosette

Seven risks: the real asset, who you have to trust, and whether you can get out in time.

Underlying Asset: Yellow. 100% is private credit or other risk assets, so losses depend on borrowers paying back.Legal Claim: Not assessed. Not assessed yet. Bankruptcy remoteness, what the token legally is, and holder rights need a legal review.Counterparties: Red. The issuer's own group administers the fund (administrator: Securitize Fund Services, LLC).Control: Red. A single key can replace the contract code.Transparency: Yellow. The data comes from the issuer itself, not an independent party.Pricing: Yellow. The NAV comes from the issuer, with no independent check.Exit: Red. Redemption takes T+90, more than a week.

What can go wrong

Red findings first, then facts that aren't public, then yellow. 29 in total.

  1. The issuer's own group administers the fund (administrator: Securitize Fund Services, LLC).

    Counterparties

  2. A single key can replace the contract code.

    Control

  3. Redemption takes T+90, more than a week.

    Exit

  4. A single key can create new tokens.

    Control

  5. Redemptions are only processed quarterly.

    Exit

  6. There's no stated commitment to report defaults when they happen.

    Transparency

+23 more in the category tabs.

Legal Claim: not assessed yet. We don't yet judge bankruptcy remoteness or what the token legally gives holders. What we know →

Stage 0 · Disclosed

How much holders have to trust the issuer. Each stage builds on the last.

About stages

Stage 0 · Disclosed

  • What the token holds is described publicly
  • Issuer, custodian, administrator and auditor are named
  • The legal structure is documented
  • Smart contracts are verified onchain

Stage 1 · Protected

  • Bankruptcy-remote structure · legal, not assessed yet
  • Independent custodian and administrator
  • Holdings independently verified, at a pace that fits the asset
  • Admin powers held by a multisig, with a documented policy
  • A documented redemption path

Stage 2 · Trust-minimized

  • An independent trustee who can act for holders · legal, not assessed yet
  • Holdings data that anyone can verify
  • Admin changes behind a timelock, so holders can exit first
  • An exit that works without the issuer's goodwill, and liquidators can hold the token
  • Pricing from an independent source

Key facts

Vehicle
BVI business company, feeder into a US 1940 Act closed-end interval fund
Jurisdiction
British Virgin Islands
LEI
Not public · searched 14 Oct 2026 · GLEIF full-text search returned no record. Glassnode also lists none. Help us find it
Min. investment
$50,000.00
Who can hold
Accredited investors
Rated as
Private credit
Token standard
Securitize DS Protocol

Service providers

Custodian
First Citizens Bank & Trust
Fund administrator
Securitize Fund Services, LLC
Auditor
WithumSmith+Brown, PC
Transfer agent
Securitize
Holdings reporting
Apollo Diversified Credit Fund annual report (N-CSR) (Apollo)

Deployments

EVM deployments we track, with the worst power found on each.

ChainTokenSupplyControlUpgrade path
Ethereum0x1741…F27B$28.9MRedEOA · none
Avalanche0x7C64…2875$4.9MRedEOA · none
Polygon0xFCe6…43D0$907.3KRedEOA · none