Major institutional capital is flowing into on-chain credit markets in real-time. Apollo's $1.2 billion fund is now settling live on Sei, marking a significant shift—this isn't a pilot program or sandbox testing. A $696 billion asset manager is deploying actual credit positions directly on-chain, treating blockchain infrastructure as production-grade settlement rails.

The momentum extends beyond single deployments. Hamilton Lane, managing $700 billion in assets, is gearing up to launch their fund in Q1, signaling coordinated institutional interest in decentralized finance infrastructure. Meanwhile, State Street is backing AUSD0, a stablecoin designed for on-chain settlement, further cementing traditional finance's integration with blockchain networks.

Market conditions are reflecting this shift. Sei is currently trading at a $735 million market cap, with the network pricing in the growing demand for DeFi infrastructure capable of handling institutional-grade transactions. This convergence of real assets, established financial institutions, and blockchain settlement represents a material shift in how capital markets infrastructure is evolving—from experimental protocols to functioning systems handling billions in actual value.