Securitize expanded its tokenized AAA CLO fund to Solana, with Ethena Labs planning to allocate $250 million to the fund. The Securitize Tokenized AAA CLO Fund, known as STAC, represents one of the largest announced commitments to tokenized structured credit in the Solana ecosystem. The expansion adds institutional credit products to a blockchain increasingly competing for real-world asset activity, as Solana attracts more tokenized asset issuance.
BNY Serves as Custodian for STAC Fund Structure
STAC was developed with BNY, which serves as custodian for the fund's underlying assets and sub-adviser through BNY Investments. The fund focuses on U.S. dollar-denominated AAA-rated collateralized loan obligation tranches sourced from primary and secondary markets. The strategy does not use leverage and seeks to provide floating-rate structured credit exposure through a regulated tokenized fund.
Carlos Domingo, co-founder and CEO of Securitize, said tokenization works best when high-quality assets are paired with blockchain infrastructure that can improve speed, efficiency, and access. He stated: "Expanding STAC to Solana brings one of the largest fixed-income markets in the world onto one of the most active blockchain ecosystems. Ethena's planned allocation further demonstrates how tokenized real-world assets are becoming core infrastructure for the next generation of finance."
Securitize Assets on Solana Increased 75% Over Past 30 Days
Securitize assets on Solana have increased by 75% over the past 30 days, before accounting for Ethena's planned $250 million allocation. That growth highlights competition among major blockchains to become the preferred settlement layer for tokenized finance.
Nick Ducoff, head of institutional growth at the Solana Foundation, said STAC's launch on Solana reflects the growing link between traditional financial assets and blockchain-based markets, calling Solana the "premier destination for institutional capital moving onchain."
Ethena founder Guy Young said tokenized real-world assets are likely to become important building blocks for scalable onchain financial systems. He remarked: "Our planned allocation to STAC reflects our conviction that institutional-grade credit products can become foundational components of the onchain economy."
STAC Provides Access to $1.3 Trillion CLO Market
The CLO market is one of the largest segments of structured credit. Global CLO issuance exceeds $1.3 trillion, according to Bank of America Global Research data cited by Securitize.
Eligible investors can subscribe to STAC through Securitize's regulated platform. Shares are issued as digital securities, with Securitize providing KYC, AML checks, investor accreditation, transfer-agent infrastructure, and onchain ownership records.
Securitize, which has announced a proposed business combination with Cantor Equity Partners II, has become one of the main platforms for regulated tokenization. STAC now joins its broader suite of institutional products issued across public blockchains.
FAQ
What did Securitize announce regarding its STAC fund?
Securitize expanded its tokenized AAA CLO fund, known as STAC, to Solana. Ethena Labs plans to allocate $250 million to the fund, representing one of the largest announced commitments to tokenized structured credit in the Solana ecosystem.
How much have Securitize assets on Solana grown recently?
Securitize assets on Solana have increased by 75% over the past 30 days, before accounting for Ethena's planned $250 million allocation.
What is the size of the CLO market that STAC provides exposure to?
Global CLO issuance exceeds $1.3 trillion, according to Bank of America Global Research data cited by Securitize. The fund focuses on U.S. dollar-denominated AAA-rated collateralized loan obligation tranches sourced from primary and secondary markets.
