Miami, FL – Securitize and Gauntlet have launched a levered real-world asset (“RWA”) strategy, powered by Morpho using ACRED on Polygon PoS, the tokenized version of an Apollo managed multi-asset credit fund, and Securitize’s sToken vault technology. This collaboration bridges TradFi and DeFi by increasing the utility of RWAs on-chain, offering potentially enhanced yields currently unavailable in TradFi formats.
Investors can deposit their ACRED tokens on Polygon PoS into a Gauntlet-curated vault, which automatically executes the optimized strategy within a sophisticated risk management framework, eliminating manual position management. The vault deposits ACRED as collateral on Morpho and borrows USDC against it. The USDC is used to purchase more ACRED, which is again deposited as collateral. The loop remains active subject to risk levels established by Gauntlet’s quantitative optimization engine, which monitors yield and borrow rates across DeFi. As newly-minted ACRED enters the market, liquidity builds, and competitive risk-adjusted yields are generated.
This levered RWA strategy marks one of the first major institutional deployments of sTokens, a new standard developed by Securitize to enable responsible use of RWAs in permissionless DeFi. By issuing an sToken on ACRED, or sACRED, the strategy is powered by Morpho while retaining regulatory safeguards and investor protections to ensure the RWAs remain financeable and usable within the broader DeFi ecosystem.
The first iteration of the strategy is run on Compound Blue (powered by Morpho) on Polygon PoS. Following a successful pilot program, the strategy is expected to expand Ethereum Mainnet and other chains.
In January 2025, Securitize and Apollo formed a partnership to tokenize investment opportunities, starting with the launch of ACRED. Managed by Securitize, ACRED is a tokenized feeder fund that invests into Apollo Diversified Credit Fund, a diversified global credit strategy investing across corporate direct lending, asset-backed lending, and performing, dislocated, and structured credit.
“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,” said Carlos Domingo, CEO of Securitize. “Offering this structure on ACRED demonstrates how real-world assets can sit at the center of a permissionless, composable yield strategy that could become competitive with stablecoin approaches.”
“Our collaboration with Securitize, Morpho, and Polygon delivers risk-optimized performance to ACRED holders through a measured process powered by Gauntlet’s unmatched blockchain-based risk management capabilities,” said Rahul Goyal, Gauntlet’s Head of Institutional Partnerships. “ACRED holders can optimize their performance through efficient on-chain rails, demonstrating the powerful capabilities decentralized finance can deliver for institutions.”1
“The leveraged RWA strategy using ACRED on Morpho is expected to deliver the institutional-grade DeFi that our industry has promised for years. 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,” said Paul Frambot CEO and Co-founder of Morpho.
"By bringing together Securitize, Gauntlet, and Morpho, we’re exploring the real potential of tokenized RWAs to deliver yield in a secure, regulated, and scalable way," said Sandeep Nailwal, Polygon founder. "Polygon’s infrastructure offers a strong foundation for building and deploying advanced financial products—low-cost, high-throughput, and designed for security. With one of the highest numbers of RWA protocols after Ethereum, Polygon is the dominant player in the RWA and payments space.”
1 This quote reflects the personal views of the Gauntlet team and should not be interpreted as a guarantee of future performance or an endorsement by Securitize.
About Securitize
Securitize, the leader in tokenizing real-world assets, is bringing the world on-chain through tokenized funds in partnership with top-tier asset managers, such as Apollo, BlackRock, Hamilton Lane, KKR and others. Securitize, through its subsidiaries, is a SEC-registered broker-dealer, digital transfer agent, fund administrator, and operator of a SEC-regulated Alternative Trading System (ATS). Securitize has also been recognized as a 2025 Forbes Top 50 Fintech company. For more information, please visit www.securitize.io.
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Securitize Media Contact
Tom Murphy: tom.murphy@securitize.io
About Gauntlet
Gauntlet equips investors, builders, and token issuers with data-driven strategies to confidently allocate funds onchain. Leveraging seven years of cryptoeconomic research and analysis, Gauntlet builds protocol and yield optimization strategies working with leaders across the crypto ecosystem, including Coinbase, Morpho, Uniswap, Arbitrum, and NEAR. Gauntlet's models safeguard over $42 billion in digital assets across the crypto ecosystem, driving capital efficiency and mitigating risk. To read more about their work, please visit www.gauntlet.xyz or their X/Twitter account.
About Morpho
Morpho is the second-largest lending protocol on Ethereum and largest on Base, by total deposits. Morpho is a permissionless platform that operates on two levels. First, it offers tailored solutions that allow users to earn yields and borrow on their own terms. Second, it provides flexible infrastructure that enables businesses to build custom applications, such as Coinbase’s crypto-backed loans product.
About Polygon
Polygon Labs is a software development company building and developing a network of aggregated blockchains via the Agglayer, secured by Ethereum. As public infrastructure, the Agglayer will bring together user bases and liquidity for any connected chain, and leverage Ethereum as a settlement layer. Polygon Labs has also contributed to the core development of several widely-adopted scaling protocols and tools for launching blockchains, including Polygon PoS, Polygon zkEVM, as well as Polygon CDK.