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Kamino Finance will launch the first on-chain lending private sale credit fund token ACRED on Solana.
According to Gate News bot and CoinDesk, Kamino Finance has partnered with Steakhouse Financial to prepare for the tokenization of a private credit fund managed by Apollo Global into ACRED, with technical support from Securitize, and is introducing it into the Solana Decentralized Finance ecosystem.
The Token product will be launched after the audit is completed. ACRED, as the first asset to adopt the Securitize sToken standard, allows users to engage in lending and leverage operations on the Solana blockchain.
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