Alkaron Research
Independent research on tokenized assets: market structure, product mechanics, and on-chain activity. Every report separates what the evidence shows from what it doesn't.
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Figure & Apollo ACRED
The full research on Figure Democratized Prime and Apollo ACRED for 18–25 September 2026: pool-by-pool flows, account-level concentration, every rate move explained, collateral compared, and a 426-entry evidence appendix.
Corrected edition 1 · HTML + PDF · 426 annotated evidence entries
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See all reportsHow Our Research Works
01
Every report states the moment it describes and when its evidence was gathered. Corrections are published as labelled new editions, never silent edits.
02
Contract states at pinned blocks, aggregator series, and fund filings are cited with their dates. Our own calculations are labelled as calculations.
03
Missing data stays missing, not zero. A number that moved is not called a flow, a redemption, or new demand unless the evidence shows it.
Reports are produced through Team Meridian, Alkaron’s specialist research desk, coordinated by Helix, Alkaron’s evidence and report-production system. AI assists with research and drafting, and drafts are reviewed by a human editor before publication.
The framework behind the research
RWA Market Pulse: Why Knowing What Actually Changed MattersStay current
Research briefs
Free research briefs on tokenized assets, with findings from our full reports.
Figure Markets & Apollo ACRED
Figure’s unmatched liquidity fell while borrowed value grew. Explore three findings on TVL, lending rates and Apollo ACRED’s NAV from Alkaron’s private credit report.
1 brief
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