Ethena Allocates $250M to Securitize's Tokenized AAA CLO Fund on Solana Today

ENA4.55%
SOL1.51%
According to The Block, Ethena Labs allocates $250 million to Securitize's Tokenized AAA CLO Fund (STAC) on Solana today (June 12). The fund, issued in collaboration with Bank of New York Mellon, invests in U.S. dollar-denominated AAA-rated collateralized loan obligations. STAC currently manages approximately $102 million in assets under management with a 7-day annualized yield of 2.42% and a management fee of 0.3%.
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