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![[Securitize Launches Tokenized CLO Fund on Solana with $250 Million Backing from Ethena] - Earnings Per Share](/images/default-article.webp)
9.0
Credit (Private Credit)
newsline.com·Jun 20
[Securitize Launches Tokenized CLO Fund on Solana with $250 Million Backing from Ethena] - Earnings Per Share
Securitize has officially launched a tokenized Collateralized Loan Obligation (CLO) fund on the Solana blockchain, marking a significant expansion of institutional-grade financial products into the decentralized finance ecosystem. The initiative is bolstered by a substantial $250 million capital commitment from Ethena, a protocol known for its synthetic dollar architecture. By leveraging Solana’s high-throughput infrastructure, this fund aims to bring complex credit instruments on-chain, enhancing liquidity and accessibility for global investors. This development represents a major milestone for the RWA sector, as it demonstrates the increasing appetite for traditional structured credit products within blockchain environments. The integration of Ethena’s backing provides the necessary scale to attract institutional participants who require robust liquidity and proven financial structures. As more sophisticated assets like CLOs migrate to public ledgers, the barrier between traditional finance and digital asset markets continues to diminish. This move underscores the growing trend of major financial players utilizing Solana for high-value asset tokenization due to its efficiency and scalability.
6.0
Credit (Private Credit)
How to buy Centrifuge: Complete Crypto Introduction
Centrifuge operates as a decentralized finance protocol designed to bridge real-world assets onto the blockchain, specifically focusing on tokenizing private credit and trade finance assets. By utilizing the Centrifuge Chain, built on Polkadot, the platform allows businesses to access liquidity by converting invoices, real estate, and other tangible assets into non-fungible tokens (NFTs). Investors can then participate in liquidity pools to earn yields backed by these real-world cash flows, effectively bypassing traditional banking intermediaries. This mechanism is significant for the RWA market because it provides a scalable framework for bringing off-chain financial instruments into the decentralized ecosystem. The protocol emphasizes transparency and security, ensuring that asset originators and investors can interact within a permissioned or permissionless environment depending on the pool requirements. As institutional interest in tokenized assets grows, Centrifuge serves as a critical infrastructure layer for diversifying DeFi portfolios beyond volatile crypto-native assets. Its ability to facilitate on-chain credit markets demonstrates the practical utility of blockchain technology in modernizing global financial operations.
8.0
Credit (Private Credit)
Cantor Equity Partners II's Proposed Merger Partner Securitize Expands Tokenized Fund to Solana
Securitize has expanded its tokenized AAA Collateralized Loan Obligation (CLO) fund to the Solana blockchain, marking a significant step in the multi-chain adoption of institutional-grade financial products. This expansion allows eligible investors to subscribe to the fund through Securitize's regulated platform, where shares are issued as digital securities. The fund, which focuses on AAA-rated CLOs, is supported by the Bank of New York Mellon, which acts as the custodian for the underlying assets. Additionally, Ethena Labs has announced plans to allocate $250 million to this specific fund. The move highlights the growing integration of traditional financial instruments with high-performance blockchain networks. By leveraging Solana, Securitize aims to enhance the accessibility and efficiency of tokenized assets for institutional participants. This development underscores the increasing institutional confidence in blockchain infrastructure for managing complex, regulated financial products.
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Credit (Private Credit)
Securitize Expands Tokenized CLO Fund to Solana With $250 Million Backing From Ethena - Earnings Per Share
Securitize has expanded its Securitize Tokenized AAA CLO Fund (STAC) to the Solana blockchain, marking a significant milestone for institutional-grade structured credit on-chain. This expansion is supported by a planned $250 million commitment from Ethena Labs, the developer behind the USDe stablecoin. By leveraging Solana's high-throughput and low-cost infrastructure, Securitize aims to enhance accessibility, transparency, and settlement speed for investors seeking exposure to AAA-rated collateralized loan obligation tranches. This move represents one of the largest single allocations to tokenized structured credit within the Solana ecosystem to date. The integration highlights a growing trend of traditional financial products migrating to public blockchains to improve operational efficiency. Furthermore, the partnership suggests that Ethena Labs may utilize the STAC fund as a yield-bearing component for its stablecoin reserves. This development underscores the increasing convergence between decentralized finance platforms and traditional credit markets, signaling broader institutional interest in on-chain securitization.
9.0
Credit (Private Credit)
Centrifuge facilitates $200M investment in Janus Henderson’s JAAA on Solana
Ethena has integrated $200 million in AAA-rated collateralized loan obligation (CLO) shares into its USDe stablecoin backing, marking a significant expansion into institutional-grade credit. Facilitated by Centrifuge using its deRWA standard, this deployment represents one of the largest real-world asset issuances on the Solana blockchain to date. The move diversifies Ethena’s collateral base beyond its traditional crypto-native delta-neutral strategies, aiming to increase institutional appeal. Janus Henderson, an asset manager overseeing $480 billion, provided the JAAA fund shares and has also invested in Ethena’s ENA governance token. While the current allocation is $200 million, Ethena maintains a risk-approved expansion cap of $310 million. This partnership signals a deepening integration between traditional finance and decentralized infrastructure, as Janus Henderson explores using USDe for its own treasury operations. The development contributes to the 109% year-to-date growth of tokenized assets on Solana, though it introduces new credit and technical risks for stablecoin holders.
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Credit (Private Credit)
Ethena Labs allocates $250M to Securitize’s tokenized AAA CLO fund
Ethena Labs has committed $250 million to Securitize’s STAC fund, a tokenized product providing onchain access to AAA-rated collateralized loan obligations. This investment brings Ethena’s total allocation to tokenized structured credit to $500 million, following a previous $250 million investment in Centrifuge’s JAAA fund. The STAC fund, which launched in October 2025, offers institutional-grade, floating-rate credit exposure that was previously inaccessible to most crypto-native investors. By utilizing blockchain rails, the fund enables investors to bypass traditional brokerage accounts and benefit from 24/7 settlement capabilities. This move is significant for the RWA market as it diversifies DeFi yield sources away from crypto-correlated assets toward traditional, high-rated debt instruments. Furthermore, the integration of atomic swaps between Ethena’s USDtb stablecoin and products like BUIDL or STAC removes historical friction associated with T+1 settlement windows. While these developments enhance operational efficiency, they also introduce new considerations regarding smart contract risk and the maturity of onchain redemption mechanisms.
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Credit (Private Credit)
Citigroup to launch blockchain platform for tokenized shares of private companies
Citigroup is developing a blockchain-based platform designed to enable institutional and wealthy investors to trade tokenized shares of private companies. By utilizing tokenized depositary receipts where Citi serves as both issuer and custodian, the bank aims to provide exposure to traditionally illiquid private equity markets. This initiative addresses the current trend of companies delaying initial public offerings, offering a regulated alternative to synthetic products currently offered by crypto-native platforms like Hyperliquid and Coinbase. Unlike existing perpetual contracts that provide speculative synthetic exposure, Citi’s model operates within a traditional financial framework focused on regulated custody. The bank is actively engaging with large private firms to participate in this infrastructure, which could eventually allow tokenized shares to be integrated into standard investment portfolios. This move signifies a major shift as traditional financial institutions increasingly adopt blockchain technology to modernize private market access. The platform will initially focus on non-US investors, with potential for expansion based on regulatory conditions and market demand.
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Credit (Private Credit)
Key facts: Citigroup token pilot; 2026 IG bond; tests tokenized shares
Citigroup has successfully completed a pilot program focused on the tokenization of investment-grade bonds, marking a significant step in the integration of traditional finance with blockchain technology. By leveraging distributed ledger technology, the bank demonstrated how tokenized shares can streamline settlement processes and enhance liquidity for institutional investors. This initiative highlights the growing institutional appetite for digital assets, as major financial entities seek to reduce operational inefficiencies inherent in legacy bond markets. The pilot utilized a private blockchain infrastructure to ensure regulatory compliance and security while maintaining the integrity of the underlying assets. Such advancements are critical for the RWA market, as they provide a scalable framework for the tokenization of complex financial instruments. As Citigroup continues to explore these capabilities, the broader financial sector is likely to see increased pressure to adopt similar digital solutions to remain competitive. This development underscores the transition toward a more programmable and efficient global financial ecosystem, where tokenized assets become a standard component of institutional portfolios.
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Credit (Private Credit)
Centrifuge enables AAA CLO collateral on Ethereum with $JAAA exposure
Centrifuge has enabled the use of the Janus Henderson Anemoy AAA CLO Fund (JAAA) as collateral on the Morpho lending protocol via a new wrapped token, wJAAA. This integration allows users to deposit wJAAA on Ethereum to borrow USDC and execute leveraged yield strategies, effectively democratizing access to institutional-grade credit markets. By utilizing the 3F protocol, the integration offers a 98% liquidation loan-to-value ratio, significantly lowering the barriers to entry for leveraged positions that previously required traditional margin accounts. The JAAA fund, which recently surpassed $1 billion in assets under management, represents a major milestone in the growth of tokenized real-world assets. While this development enhances capital efficiency, the high leverage ratio introduces potential risks regarding oracle reliability and liquidation cascades if the token deviates from its net asset value. Centrifuge continues to expand its cross-chain infrastructure, with JAAA already deployed across Ethereum, Solana, Base, and Arbitrum. This move highlights the increasing composability of traditional financial instruments within decentralized finance ecosystems.
9.0
Credit (Private Credit)
Securitize Introduces STAC Tokenized Fund on Solana via BNY
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.
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Credit (Private Credit)
Ethena Labs Pours $250 Million Into Securitize Tokenized Fund on Solana
Ethena Labs is diversifying the collateral backing its USDe and USDtb stablecoins by allocating $250 million to Securitize’s tokenized AAA-rated Collateralized Loan Obligation (CLO) fund, known as STAC. This strategic move shifts the protocol's reliance away from purely crypto-based delta-neutral positions toward real-world assets to mitigate volatility and enhance institutional appeal. The STAC fund, which currently manages $102 million, was developed by Securitize in partnership with BNY and is expanding its operations onto the Solana blockchain. By integrating traditional credit instruments into its reserve structure, Ethena Labs aims to strengthen the stability and market confidence of its stablecoin offerings. This development underscores a broader industry trend of bridging traditional financial instruments with blockchain infrastructure to increase liquidity. Furthermore, the allocation coincides with Securitize's planned Nasdaq listing via a SPAC merger under the ticker SECZ, expected in the second half of the year. This integration highlights the growing maturity of tokenized credit markets and the increasing adoption of RWA-backed stablecoins within the decentralized finance ecosystem.
8.0
Credit (Private Credit)
Citigroup to offer tokenized shares of private companies for wealthy and institutional clients: WSJ
Citigroup is launching a new service to offer tokenized shares of private companies specifically tailored for its wealth and institutional client base. By leveraging blockchain technology, the bank aims to streamline the traditionally cumbersome process of investing in private markets, which often involves significant administrative friction and liquidity constraints. This initiative marks a strategic expansion of Citigroup's digital asset capabilities, signaling a growing institutional appetite for integrating private equity-style assets into blockchain-based infrastructure. Tokenization allows for fractional ownership and potentially faster settlement times, addressing key pain points that have historically limited access to private company investments. As major financial institutions continue to explore distributed ledger technology, this move underscores the broader industry trend of digitizing traditional financial instruments to enhance operational efficiency. The integration of private assets onto the blockchain represents a significant step toward bridging the gap between legacy financial systems and decentralized finance frameworks. Ultimately, this development highlights the increasing institutional validation of RWA tokenization as a viable mechanism for modernizing capital markets and expanding investment opportunities for sophisticated clients.
8.0
Credit (Private Credit)
Centrifuge partners with Ethena to issue $200M in JAAA tokens on Solana
Centrifuge has partnered with Ethena to deploy $200 million in tokenized AAA-rated collateralized loan obligations (CLOs) onto the Solana blockchain. These JAAA tokens, representing the Janus Henderson Anemoy AAA CLO Fund, serve as high-quality reserve collateral for Ethena’s synthetic dollar, USDe. By utilizing Centrifuge’s deRWA token standard, this integration brings institutional-grade corporate debt into the Solana DeFi ecosystem, enhancing composability for onchain protocols. Ethena’s risk committee approved this asset with a $310 million position cap, allowing for significant future growth beyond the current $200 million issuance. This move highlights a strategic shift for synthetic dollar issuers toward higher-yielding assets compared to traditional U.S. Treasuries. The substantial size of this issuance suggests that Ethena’s demand is a primary driver for new token minting rather than a passive allocation. As Ethena scales, the potential for reaching the $310 million ceiling signals a deepening integration of traditional finance assets into decentralized infrastructure.
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Credit (Private Credit)
Securitize Moves Closer to NYSE Listing as It Expands Tokenized Credit Offerings and Adds CMO
Securitize is advancing its strategic goal of a potential NYSE listing by significantly broadening its tokenized credit offerings and integrating Collateralized Mortgage Obligations (CMOs) into its platform. This expansion marks a pivotal moment for the RWA sector, as the firm leverages its established infrastructure to bridge traditional financial instruments with blockchain technology. By incorporating complex assets like CMOs, Securitize demonstrates the increasing maturity of tokenization, moving beyond simple T-bills toward more sophisticated structured products. The company’s focus on regulatory compliance and institutional-grade offerings continues to attract significant interest, positioning it as a key player in the modernization of capital markets. This development signals a broader industry trend where tokenization platforms seek to capture larger market shares by diversifying asset classes. As Securitize aligns its operations with the requirements of major exchanges, the move underscores the growing institutional confidence in blockchain-based asset management. Ultimately, this trajectory highlights the potential for tokenized private credit to become a standard component of global investment portfolios.
8.0
Credit (Private Credit)
Midas powers Ether.fi’s second Liquid RWA vault in partnership with Plume Network
Ether.fi has committed $100 million from its $6 billion deposit base into a new Liquid RWA vault, marking a significant expansion into institutional-grade real-world asset yields. Launched on June 5, 2026, the vault utilizes Midas’ Vault OS infrastructure and Plume Network’s Nest Vaults to provide users with exposure to overcollateralized credit pools, AAA-rated CLOs, and bond ETFs. This initiative allows ether.fi users to access these traditional financial instruments directly through the platform's interface without navigating external protocols. The $100 million allocation represents a fourfold increase over the protocol's previous $25 million investment in Plume’s Nest protocol. This move follows the successful launch of the EURC Liquid vault in May 2026, which was also powered by Midas. While this integration bridges decentralized finance with traditional assets, it introduces distinct credit risks associated with the underlying financial instruments. Consequently, investors must recognize that these RWA yields carry different risk profiles compared to standard ETH staking. This development highlights the growing trend of major restaking protocols diversifying into tokenized real-world assets to enhance yield opportunities for their liquidity providers.
8.0
Credit (Private Credit)
Hamilton Lane Tests Tokenized Private Credit Access With TRON HLSCOPE Launch
Hamilton Lane has expanded its digital asset strategy by launching its Senior Credit Opportunities Fund, known as HLSCOPE, on the TRON blockchain. Developed in collaboration with the digital asset platform Securitize, this initiative aims to broaden access to private credit markets by utilizing blockchain as a distribution channel. While the underlying assets remain traditional private loans, the tokenization format is designed to potentially lower investment minimums, improve secondary liquidity, and enable 24/7 transaction capabilities. This move aligns Hamilton Lane with other major alternative asset managers like Blackstone and KKR that are increasingly exploring tokenized or semi-liquid product structures. For the RWA market, this development signifies a continued industry shift toward digitizing historically inaccessible private market funds to attract digitally native investors. The success of HLSCOPE will likely be measured by its ability to capture incremental assets compared to conventional fund offerings and its impact on fee-earning potential. Ultimately, the project tests whether tokenization can effectively reduce friction in private credit distribution while managing the operational and regulatory complexities inherent in public blockchain integration.
8.0
Credit (Private Credit)
Securitize Launches Hamilton Lane’s Tokenized Private Credit Fund on TRON Blockchain
Securitize has expanded its partnership with investment firm Hamilton Lane by launching the Senior Credit Fund on the TRON blockchain. This initiative marks the first time Hamilton Lane’s private credit strategy has been made available in a tokenized format on the TRON network, broadening accessibility for qualified investors. By leveraging blockchain technology, the fund aims to streamline subscription processes and reduce the administrative friction typically associated with private market investments. The integration highlights the growing trend of major asset managers utilizing public blockchains to distribute institutional-grade financial products. This move is significant for the RWA market as it demonstrates the increasing interoperability of tokenized assets across diverse blockchain ecosystems. Furthermore, the collaboration underscores TRON's ambition to capture a larger share of the institutional tokenization sector by hosting high-profile financial instruments. As more traditional firms adopt this model, the liquidity and efficiency of private credit markets are expected to improve significantly.
7.0
Credit (Private Credit)
Securitize Launches Private Credit Fund on TRON Blockchain
Securitize has expanded its tokenized asset offerings by launching a new private credit fund on the TRON blockchain. This initiative marks a significant milestone for the TRON network as it integrates institutional-grade financial products into its ecosystem. By leveraging Securitize’s established infrastructure for tokenization, the fund aims to provide investors with streamlined access to private credit markets. The move highlights the growing trend of major RWA platforms diversifying their blockchain deployments beyond Ethereum to capture broader liquidity and user bases. This development is particularly notable given TRON's high transaction volume and its strategic push to attract more institutional capital. As private credit continues to be a primary driver of RWA adoption, the collaboration underscores the increasing interoperability and multi-chain strategy required to scale tokenized assets. Ultimately, this launch reinforces the maturation of the RWA sector, demonstrating that private credit funds are becoming a standard component of diverse blockchain financial architectures.