The post BlackRock-Backed Tokenization Firm Securitize Expands to Sei appeared on BitcoinEthereumNews.com. Apollo’s ACRED fund becomes Securitize’s first tokenized RWA offering on the Sei blockchain. Securitize, a platform focused on tokenizing real-world assets (RWAs), has expanded its offerings to the Sei blockchain, launching the Apollo Diversified Credit Fund (ACRED) as its inaugural tokenized product on the network. In a blog announcement on Thursday, Sept. 25, Sei said that the product will leverage the network’s parallel processing architecture to facilitate features such as daily net asset value pricing, automated compliance reporting, and access to liquidity through cross-chain interoperability via a partnership with Wormhole. ACRED, a fund for accredited investors and managed by global investment firm Apollo, currently has more than $112 million in value on-chain, per data from RWAxyz. The fund, which invests across a mix of company loans, asset-backed deals, and other credit opportunities, is designed to generate returns from both interest income and capital growth, with a focus on steady income and relatively low risk, according to Securitize’s description of the product. With the launch, Sei becomes the seventh network where Securitize has rolled out a tokenized version ACRED, joining Solana and Ethereum. Justin Barlow, executive director at the Sei Development Foundation, said in the blog post that the integration comes after “explosive growth in both stablecoin adoption and RWA tokenization,” and added that private credit alone is “projected to be a $2.8 trillion market by 2028.” SEI 7-day price chart. Source: CoinGecko SEI is down nearly 17% over the past week following the broader market sell-off, but has recovered slightly in the past 24 hours, currently trading near $0.27. Multibillion RWA Market Data from RWAxyz shows that the total value of RWAs on-chain is approaching $31 billion, up more than 8% over the past 30 days. Ethereum remains the largest network by on-chain value, accounting for over 52% of the… The post BlackRock-Backed Tokenization Firm Securitize Expands to Sei appeared on BitcoinEthereumNews.com. Apollo’s ACRED fund becomes Securitize’s first tokenized RWA offering on the Sei blockchain. Securitize, a platform focused on tokenizing real-world assets (RWAs), has expanded its offerings to the Sei blockchain, launching the Apollo Diversified Credit Fund (ACRED) as its inaugural tokenized product on the network. In a blog announcement on Thursday, Sept. 25, Sei said that the product will leverage the network’s parallel processing architecture to facilitate features such as daily net asset value pricing, automated compliance reporting, and access to liquidity through cross-chain interoperability via a partnership with Wormhole. ACRED, a fund for accredited investors and managed by global investment firm Apollo, currently has more than $112 million in value on-chain, per data from RWAxyz. The fund, which invests across a mix of company loans, asset-backed deals, and other credit opportunities, is designed to generate returns from both interest income and capital growth, with a focus on steady income and relatively low risk, according to Securitize’s description of the product. With the launch, Sei becomes the seventh network where Securitize has rolled out a tokenized version ACRED, joining Solana and Ethereum. Justin Barlow, executive director at the Sei Development Foundation, said in the blog post that the integration comes after “explosive growth in both stablecoin adoption and RWA tokenization,” and added that private credit alone is “projected to be a $2.8 trillion market by 2028.” SEI 7-day price chart. Source: CoinGecko SEI is down nearly 17% over the past week following the broader market sell-off, but has recovered slightly in the past 24 hours, currently trading near $0.27. Multibillion RWA Market Data from RWAxyz shows that the total value of RWAs on-chain is approaching $31 billion, up more than 8% over the past 30 days. Ethereum remains the largest network by on-chain value, accounting for over 52% of the…

                                                                               Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.                     Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more