Securitize Expands Tokenized AAA CLO Fund to Solana with $250M Ethena Commitment
Event summary
- Securitize's STAC fund, focused on AAA-rated CLOs, has expanded to the Solana blockchain.
- Ethena Labs plans to allocate $250 million to the fund, marking one of the largest commitments to tokenized structured credit on Solana.
- STAC was developed in collaboration with BNY, which serves as custodian and sub-adviser.
- Global CLO issuance exceeds $1.3 trillion, with STAC aiming to bring this market onchain.
- Securitize operates regulated digital securities infrastructure across the U.S. and EU.
The big picture
Securitize's expansion of STAC to Solana underscores the growing institutional demand for tokenized credit products that combine traditional asset management rigor with blockchain efficiency. With global CLO issuance exceeding $1.3 trillion, this move positions Securitize as a key player in bridging traditional finance and onchain markets. The $250 million commitment from Ethena Labs further validates the scalability and capital efficiency of tokenized real-world assets in the evolving financial landscape.
What we're watching
- Institutional Adoption
- How Ethena's $250 million allocation will influence other institutional investors' participation in tokenized credit products.
- Regulatory Compliance
- Whether Securitize's regulated platform can sustain the growing demand for tokenized real-world assets across different jurisdictions.
- Market Integration
- The pace at which traditional financial assets converge with blockchain-based markets, particularly on the Solana ecosystem.
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