deCRDX, issued by Anemoy and tokenized by the Centrifuge Network Foundation, is a DeFi-composable tokenized fund interest that wraps the Anemoy Tokenized Apollo Diversified Credit Fund (ACRDX) into a freely transferable token representing the same underlying fund exposure [S1][S2].

Holders gain economic exposure to the Anemoy Tokenized Apollo Diversified Credit Fund (ACRDX), an Apollo-managed diversified credit strategy structured by Anemoy as investment manager [S1]. As a deRWA-standard token, deCRDX lets holders earn the stable yields of the underlying assets while remaining tradable and composable across DeFi [S2][S3]. NAV calculations and price-oracle updates determining the token's value are computed on the hub chain [S4].

The branded fund is structured by Centrifuge's asset-management arm Anemoy, with Centrifuge supplying the onchain tokenization, accounting, and distribution layer through the Cayman Islands-registered Centrifuge Network Foundation [S5][S1]. The holder's claim takes the form of an ERC-20 share token representing an interest in the underlying fund, wrapped by the deRWA standard into a freely transferable token [S6][S2]. Centrifuge's Terms of Use state that neither Centrifuge nor any affiliated entity is licensed in the holder's jurisdiction and that pools may be unregulated [S7]. deRWA tokens are offered to non-U.S. persons under Regulation S, with onboarding requiring KYC and AML compliance [S7][S8].

Share tokens follow the ERC-20 standard with ERC-1404 permissioning, issued from ERC-4626 and ERC-7540 vaults [S6][S4]. deRWA tokens are freely transferable across Ethereum, Base, Arbitrum, Avalanche, Solana, and Stellar [S2][S3]. Cross-chain movement uses a burn-and-mint mechanism for 1:1 token movement, and NAV and pricing are computed on the hub chain and distributed to all networks [S4].

<Sources
  retrievedAt="2026-06-19"
  items={[
    { id: "S1", url: "https://centrifuge.io/" },
    { id: "S2", url: "https://centrifuge.io/derwa-tokens" },
    { id: "S3", url: "https://centrifuge.io/blog/centrifuge-derwa-tokens" },
    { id: "S4", url: "https://docs.centrifuge.io/developer/protocol/overview/" },
    { id: "S5", url: "https://centrifuge.io/imprint" },
    { id: "S6", url: "https://docs.centrifuge.io/user/concepts/tokenization/" },
    { id: "S7", url: "https://centrifuge.io/terms" },
    { id: "S8", url: "https://centrifuge.io/blog/despxa-on-base" },
  ]}
/>


Tokenized funds

Lenders deposit funds into Tinlake and receive interest payments from borrowers (supply-side fees).

Centrifuge protocol enables asset managers to tokenize, manage, and distribute tokenized funds onchain, while providing investors access to a diversified portfolio of high-quality tokenized assets.

CFG tokenholders own and govern the protocol. They do not currently take a cut of the total interest paid by borrowers (revenue). Centrifuge's investors include IOSG Ventures, Galaxy Digital, TRGC, etc.

governance

github

twitter

discord

etherscan

website

Real-world asset (RWA) issuers

Centrifuge

DeFi Anemoy Tokenized Apollo Diversified Credit Fund (deCRDX) is a tokenized fund share issued by Centrifuge.

The fund invests in private credit in global markets.

deCRDX has been issued on OP Mainnet as an ERC-1404 token since February 2026.

DeFi Anemoy Tokenized Apollo Diversified Credit FunddeCRDX

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