Credit (Private Credit)9.09h ago
Securitize Introduces STAC Tokenized Fund on Solana via BNY
◆ AI SignalPrivate CreditGemini
Securitize has expanded its Tokenized AAA CLO Fund (STAC) to the Solana blockchain, marking a significant milestone for institutional-grade credit products on the network. This expansion is supported by a collaboration with BNY Mellon, which serves as the primary custodian for the fund's underlying assets. Ethena Labs plans to allocate $250 million to the fund using its USDe stablecoin, representing one of the largest investments in tokenized structured products on Solana to date. Originally launched on Ethereum in October 2025, STAC provides exposure to AAA-rated collateralized loan obligations without the use of leverage. The fund currently manages approximately $102.16 million in assets with a 30-day yield of 4.50%. This move underscores the increasing convergence of traditional financial instruments and high-performance blockchain infrastructure. By integrating with Solana, Securitize aims to enhance the accessibility of institutional credit, positioning the network alongside other major platforms hosting significant tokenized assets like BlackRock’s BUIDL fund.
Key points
- ▸Securitize expands STAC fund to Solana with BNY Mellon as the primary custodian.
- ▸Ethena Labs commits $250 million to STAC via its USDe stablecoin.
- ▸STAC offers AAA-rated CLO exposure with a 4.50% 30-day yield.
- ▸Global CLO issuance exceeds $1.3 trillion across the United States and Europe.
Background
Securitize is a prominent platform specializing in the tokenization of real-world assets, enabling traditional financial products to exist on public blockchains. Collateralized Loan Obligations (CLOs) are structured financial products backed by a pool of loans, typically corporate debt, which are then sliced into different risk tranches to provide investors with varying levels of yield and security.
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Relevance
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#Securitize#Solana#CLO#Ethena#BNYMellon