Investors deposit funds into the funds managed by Apollo, and Apollo charges management fees. We currently track the Apollo Diversified Credit Securitize Fund (ACRED), launched in 2025.

Apollo is one of the world's most prominent asset management firms, with $750 billion in assets under management. It was founded in 1990. Note that the data shown for Apollo covers only its tokenized onchain products, such as the ACRED credit fund issued by Securitize.

APO shareholders own and govern the company. They currently take a cut of the total return on investment and total assets under management (revenue).

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Real-world asset (RWA) issuers

Apollo

# Apollo Capital deployed Methodology

## 1. Overview

Capital deployed represents the total outstanding supply of Apollo's ACRED tokens across multiple blockchain networks, measured in USD. This metric quantifies the total value of tokenized credit assets under management by tracking the circulating supply of ACRED tokens, which represent shares in Apollo's diversified credit fund. The calculation combines mint and burn activities across EVM chains (Ethereum, Avalanche, Polygon, Ink), Aptos, and Solana to compute the aggregate outstanding token supply.

## 2. Data sources

The calculation relies on several types of blockchain data and external price feeds:

- **EVM blockchain events**: Parsed ERC20 `Transfer` events from Ethereum, Avalanche, Polygon, and Ink networks for ACRED token contracts
- **Aptos event logs**: Native `AcredToken_Issue_event` and `AcredToken_Burn_event` logs from Apollo's Aptos smart contracts
- **Solana balance data**: Daily token account balance snapshots for the ACRED token mint address on Solana (`FubtUcvhSCr3VPXEcxouoQjKQ7NWTCzXyECe76B7L3f8`)
- **External price feeds**: End-of-day token price feeds from CoinGecko API for the Apollo Diversified Credit fund
- **Token metadata**: Decimal place specifications for proper amount normalization across different blockchain implementations

## 3. Step-by-step calculation

### Component A: EVM chain token supply tracking
- **Purpose**: Calculate outstanding ACRED supply across Ethereum, Avalanche, Polygon, and Ink chains using transfer event analysis
- **Logic**: Extract mint events by filtering `Transfer` events where `from_address` equals the zero address (`0x0000000000000000000000000000000000000000`) and `to_address` is non-zero, indicating new token creation. Extract burn events by filtering transfers where `to_address` equals zero address and `from_address` is non-zero, indicating token destruction. Apply decimal corrections using token metadata to normalize amounts. Aggregate daily net changes by summing mints and subtracting burns for each day. Calculate cumulative outstanding supply using running totals ordered by timestamp
- **Key fields**: `block_timestamp` for daily aggregation, `from_address` and `to_address` for mint/burn identification, `value` for token amounts, `token_address` for specific ACRED contract identification

### Component B: Aptos native event processing  
- **Purpose**: Track ACRED mints and burns on Aptos using native smart contract events rather than transfer logs
- **Logic**: Extract mint amounts from `AcredToken_Issue_event` logs and burn amounts from `AcredToken_Burn_event` logs. Apply decimal correction by dividing amounts by 1e6 to normalize to standard units. Combine with EVM data by adding mints as positive amounts and burns as negative amounts in the daily aggregation process
- **Key fields**: `block_timestamp` for timing, `value` field containing mint/burn amounts from native events

### Component C: Solana balance aggregation
- **Purpose**: Calculate total ACRED supply on Solana by summing all token holder balances rather than tracking individual transfers
- **Logic**: Extract daily balance snapshots for all token accounts holding the ACRED token mint. Forward-fill missing dates to ensure complete time series coverage for each token holder. Sum all individual token holder balances on each day to calculate total outstanding supply. This approach accounts for the different data structure of Solana where balance snapshots are more reliable than transfer event tracking
- **Key fields**: `timestamp` for daily boundaries, `token_account` for holder identification, `post_balance` for current token holdings, `mint` for ACRED token identification

### Component D: USD conversion with hybrid pricing
- **Purpose**: Convert token amounts to USD using time-based pricing logic that accounts for different data availability periods
- **Logic**: Apply hardcoded net asset value of $1000 per token for dates before March 14, 2025, when external price feeds were not available. Use end-of-day price feeds from CoinGecko API for dates after March 13, 2025, when official pricing became available. This hybrid approach ensures continuous USD valuation while transitioning from estimated to market-based pricing
- **Key fields**: `daily_timestamp` for date-based pricing logic, CoinGecko price data for market-based conversion

### Final aggregation
- **Combining components**: Union the processed EVM/Aptos outstanding supply data with the Solana outstanding supply data, ensuring consistent schema with identical column names and data types. Label Solana data explicitly with 'ACRED' token symbol for consistency
- **Currency conversion**: Outstanding supply amounts are multiplied by the appropriate USD price (either $1000 hardcoded value or CoinGecko market price) based on the date
- **Time aggregation**: All data is aggregated to daily boundaries using timestamp truncation, with forward-fill logic applied to ensure no gaps in the time series
- **Final calculation**: The metric represents the sum of outstanding ACRED token supply across all supported blockchains, converted to USD value, providing a comprehensive view of total capital deployed in Apollo's tokenized credit fund

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

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Apollo

Capital deployed

Capital deployed

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