Securitize, a platform focused on tokenization of real-world assets, has announced the expansion of its Securitize Tokenized AAA CLO Fund (STAC) to the Solana blockchain. At the same time, Ethena Labs, a company developing blockchain-based financial infrastructure, plans to allocate $250 million to the fund. The commitment represents one of the largest investments in tokenized structured credit products within the Solana ecosystem.
STAC is a tokenized fund that invests in Collateralized Loan Obligations (CLOs) with a AAA rating. The product was developed in collaboration with BNY, a global banking and asset management company. BNY acts as custodian of the fund’s assets and also provides investment support through BNY Investments.
The fund follows a conservative investment strategy without leverage. The majority of the assets are invested in AAA-rated US dollar CLO tranches acquired in both the primary and secondary markets. The aim is to provide risk-adjusted returns through exposure to floating rate credit instruments.
Investors can access STAC through Securitize’s regulated platform, where fund shares are issued as digital securities. The company also offers KYC and AML verification, investor accreditation, and on-chain record keeping infrastructure.
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