HashKey Earn Channel Launches Securitize Tokenized Apollo Diversified Credit Fund (ACRED)

Product Details:

Important Notes

1. Client Eligibility

2. Subscription and Redemption

3. Quarterly Repurchase Programme

4. Order Processing

5. Product Arrangements

6. Transfer Restrictions

7. No Guarantee of Principal or Yield

Product-Specific Risk Warnings

• The Product provides exposure to a diversified portfolio of private and public credit investments, including corporate direct lending, asset-backed lending, performing credit, dislocated credit and structured credit. The Product may be subject to credit risk, market risk, interest rate risk and liquidity risk, which may adversely affect the Product's Net Asset Value (NAV), liquidity and investment performance.
• The Product is intended primarily as a long-term investment. Liquidity is provided through the issuer's Quarterly Repurchase Programme rather than continuous daily redemptions. Repurchase requests are subject to the issuer's applicable repurchase arrangements and may be fulfilled on a pro-rata basis where aggregate repurchase requests exceed the applicable Fund-level redemption gate.
• The Product utilizes blockchain technology to represent fund interests and may be subject to risks relating to blockchain networks, smart contract execution, digital asset custody arrangements and other technology-related operational risks.
• Subscription and repurchase requests are processed in accordance with the issuer's dealing calendar, operational procedures and settlement arrangements. Processing, settlement or repurchase requests may be delayed or rejected due to operational, market, legal or regulatory circumstances.
• The valuation of certain underlying private credit and other less liquid assets may involve assumptions, estimates and judgment. The Net Asset Value (NAV) of the Product is determined in accordance with the Fund's valuation policies and may differ from the value ultimately realized upon the sale or disposition of the underlying assets.
• The Product has a complex legal and operational structure involving a tokenized feeder fund that invests substantially all of its investable assets in the Apollo Diversified Credit Fund. Investors acquire interests in the tokenized feeder fund rather than direct interests in the underlying Apollo Diversified Credit Fund. Investors should carefully review the Offering Documents, Product Documentation and applicable Risk Disclosures before investing and independently determine whether the Product is suitable for them, taking into account their investment objectives, financial circumstances, liquidity needs, risk tolerance and investment experience.
• The Product's performance may be affected by the investment manager, administrator, transfer agent, custodian and other service providers involved in the operation of the Product.
• Tokenized investment products are subject to evolving legal, regulatory and tax requirements, which may affect the issuance, custody, transfer, valuation or repurchase of the Product.
• The Product is not principal protected. Neither the Net Asset Value (NAV), any investment return nor any distribution, if made, is guaranteed. Distributions may vary, be suspended or cease. Past performance, if any, is not indicative of future results. Investors may lose part or all of their invested capital.
• The Product invests substantially all of its investable assets in the underlying Apollo Diversified Credit Fund. The Product's performance depends on the performance of the underlying fund, and any adverse performance or operational event affecting the underlying fund may adversely affect the Product.

More Information

• Official Product Page

Appendix I

• Issuer Quarterly Repurchase Schedule (For Reference Only)

Notice on Management of Voting Rights for Virtual Assets

1. Non-Exercise of Voting Rights: HashKey Exchange does not exercise voting rights associated with virtual assets on behalf of its users. The role of HashKey Exchange is strictly to provide a trading platform for these assets, not to participate in the governance of any assets that may confer voting rights.
2. Users' Exercise of Voting Rights: Where a virtual asset confers voting rights or other governance rights on its holders, the exercise of such rights shall be subject to the applicable product terms, the issuer's arrangements and the platform's service model. For products that do not support withdrawal to external wallets, users may not be able to exercise such rights directly, where applicable.

• Trading in tokenized investment products on HBL's Earn Channel and using the Product Dealing Services involves risks, some of which are set out below. These risks, and additional risks arising either now or in the future, could result in the loss, failure or destruction of your assets, inability to receive any benefits available to you, other losses and termination of our Product Dealing Services.
• You must consider carefully whether the risks set out below, as well as all other applicable risks (including those described in the offering documents of each product), are acceptable to you prior to any transaction in tokenized investment products on our Earn Channel.
• You must seek professional advice regarding your particular situation before transacting in tokenized investment products or using our Product Dealing Services.
• The risk of loss in transactions involving tokenized investment products can be substantial. You should therefore carefully consider whether such transactions are suitable for you in light of your investment objectives, financial circumstances, your tolerance to risks and your investment experience. You should be capable of bearing a full loss of the amounts invested as a result of or in connection with any transaction in tokenized investment products and any additional loss over and above the initial amounts traded or invested that may become due and owing by you. In considering whether to trade or invest, you should inform yourself and be aware of the risks generally, and in particular, should note the following specific risk factors which may apply to any given transaction in tokenized investment products.
• Whilst the information regarding the tokenized investment products on our channel may be helpful to you when making an investment decision, the information and data contained in this document are for reference only. It does not constitute (i) an offer, solicitation, invitation or recommendation for buying or selling the product or (ii) investment advice. You should therefore consider whether the information is appropriate for your needs.
• Past performance of a tokenized investment product is not a reliable indicator of future performance. Such historical performance data are calculated based on retrospective market conditions, technological infrastructure, and regulatory frameworks that may no longer apply. Such data does not constitute a guarantee, projection, or promise of future results. You should not base your investment decisions solely on historical performance data.
• Please refer to our Earn Channel Product Dealing Services – Risk Disclosure and Disclaimer for more information.