证券化和手套将阿波罗信用基金的令牌化版本带到de​​fi

令牌化公司的证券化和分散融资（DEFI）专家Gauntlet计划将阿波罗信用基金的令牌化版本带到生态系统上。

DeFi is known for its innovative money-making potential, but most strategies revolve around stablecoins due to regulatory constraints on using other tokens. Now, Securitize and Gauntlet are introducing a leveraged-yield strategy offering on Polygon (CRYPTO: POLYGON) that combines the benefits of both worlds.

Defi以其创新的赚钱潜力而闻名，但由于使用其他令牌的监管限制，大多数策略都围绕Stablecoins围绕着Stablecoins而闻名。现在，Securitize和Gauntlet正在针对Polygon（Crypto：Polygon）提出杠杆收益策略，该策略结合了两者的益处。

The two firms are unveiling Wednesday a new offering centered on the Apollo Diversified Credit Securitize Fund (ACRED), a tokenized feeder fund that debuted in January and invests in Apollo’s (NYSE:APOLLO) $1 billion Diversified Credit Fund. The strategy will run on Compound Blue, a lending protocol powered by Morpho,

这两家公司周三揭幕了一项以阿波罗多元化信贷证券化基金（ACRED）为中心的新产品，该基金是一项令牌化的饲养基金，该基金于1月首次亮相，并投资于阿波罗（NYSE：Apollo）10亿美元多元化的信贷基金。该策略将以Complue Blue（由Morpho驱动的贷款协议）运行，

The offering, called Levered RWA Strategy, will be first available on Polygon. It is expected to expand to the Ethereum mainnet and other blockchains after a pilot phase.

称为杠杆RWA策略的产品将首先在Polygon上提供。预计在试点阶段后，它将扩展到以太坊主网和其他区块链。

"The idea behind the product is we want our securities to be plug and play competitive with stablecoin strategies writ large," Reid Simon, head of DeFi and credit solutions at Securitize, said in an interview with CoinDesk.

“产品背后的想法是，我们希望我们的证券能够与Stablecoin策略进行竞争力，” Securitize的Defi和信用解决方案负责人Reid Simon在接受Coindesk的采访时说。

The introduction comes as tokenized real-world assets (RWAs) — funds, bonds, credit products — are gaining traction among traditional finance giants. BlackRock (NYSE:BLK), HSBC (LON:HSBA) and Franklin Templeton (NYSE:AJLI) are among the firms exploring blockchain-based asset issuance and settlement. Tokenized U.S. Treasuries alone have pulled in over $6 billion, according to data from RWA.xyz.

引言是标记现实世界中的资产（RWAS）（资金，债券，信贷产品）在传统的金融巨头中获得了吸引力。 BlackRock（NYSE：BLK），汇丰（LON：HSBA）和富兰克林·邓普顿（Franklin Templeton）（NYSE：AJLI）是探索基于区块链的资产发行和和解的公司之一。根据RWA.xyz的数据，仅提供标记的美国国债就达到了60亿美元。

While institutions are experimenting with tokenization, the next challenge is making these assets usable across DeFi applications. That includes enabling their use as collateral for loans, margin trading or building investment strategies not possible on legacy rails.

尽管机构正在实验令牌化，但下一个挑战是使这些资产可在Defi应用程序中使用。这包括使他们可以用作贷款的抵押品，在传统铁路上不可能实现保证金交易或建立投资策略。

The strategy employs a DeFi-native yield-optimization technique called "looping", in which ACRED tokens deposited into a vault are used as collateral to borrow USDC, which is then used to purchase more ACRED. The process repeats recursively to enhance yield, with exposure adjusted dynamically based on real-time borrowing and lending rates.

该策略采用一种称为“循环”的定义产量优化技术，其中存放在保管库中的代币被用作借用USDC的抵押品，然后用来购买更多的授予。该过程递归重复以提高产量，并根据实时借贷和贷款率动态调整暴露。

All trades are automated using smart contracts, reducing the need for manual oversight. Risk is actively managed by Gauntlet’s risk engine, which monitors leverage ratios and can unwind positions in volatile market conditions to protect users.

所有交易都是使用智能合约自动化的，从而减少了对手动监督的需求。风险由Gauntlet的风险引擎积极管理，该风险引擎可监视利用比率，并可以在动荡的市场条件下放松身份以保护用户。

"This is expected to deliver the institutional-grade DeFi that our industry has promised for years," Morpho CEO and cofounder Paul Frambot said. "This use case uniquely demonstrates how DeFi enables investors in funds like ACRED to access financial composability that is simply not possible on traditional rails.”

Morpho首席执行官兼联合创始人Paul Frambot说：“这有望提供我们行业多年来承诺的机构级规定。” “此用例独特地证明了Defi如何使投资者能够获得诸如Acred的资金，以访问传统铁路上根本无法使用的财务合成性。”

The vault is also one of the first uses of Securitize’s new sToken tool, which allows accredited token holders to maintain compliance and investor protections within decentralized networks. In this case, ACRED investors first mint sACRED that they can use for broader DeFi strategies without breaking regulatory rules.

保险库也是Securitize新的Stoken工具的首次用途之一，该工具允许获得认可的令牌持有人在分散网络中维护合规性和投资者保护。在这种情况下，尊敬的投资者首先是薄荷糖，他们可以将其用于更广泛的违规策略而无需违反监管规则。

"This is a strong example of the institutional-grade DeFi we’ve been working to build: making tokenized securities not only accessible, but compelling to crypto-native investors seeking strategies that objectively outpace their traditional counterparts," Securitize CEO Carlos Domingo said in a statement.

证券化首席执行官卡洛斯·多明戈（Carlos Domingo）在一份声明中说：“这是我们一直在努力构建的机构级规定的一个强烈例子：使令牌化证券不仅可以访问，而且对加密本地投资者的要求，他们寻求客观地超过其传统同行的策略。”