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- Ethena Labs plans $250M allocation to Securitize’s tokenized CLO fund on Solana network.
- STAC offers AAA-rated CLO exposure through tokenized rails with BNY as fund custodian.
- Securitize says tokenization can improve settlement, records, and fund distribution.
Ethena Labs plans to allocate $250 million to Securitize’s tokenized AAA-rated CLO fund after the product expanded to Solana. The plan connects structured credit with onchain finance. It also shows rising demand for institutional real-world assets across blockchain market rails.
As per the report, the Securitize Tokenized AAA CLO Fund, or STAC, has launched on Solana, giving investors access to U.S. dollar-denominated AAA-rated CLO tranches sourced from primary and secondary markets.
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Ethena Labs Targets Institutional CLO Exposure
The fund sources CLO debt from primary and secondary markets. Securitize said the product targets investors seeking institutional-grade credit through tokenized rails. Ethena Labs intends to commit $250 million as interest in on-chain real-world assets grows.
STAC was developed with BNY, which serves as custodian of the underlying assets. BNY Investments also acts as sub-adviser to the fund. The structure places custody and investment support within an established global financial institution.
The fund follows a fundamentals-based strategy and does not use leverage. Its managers invest substantially all assets in floating-rate CLO debt. The goal is to generate risk-adjusted returns through exposure to structured credit.
Securitize Chief Executive Officer Carlos Domingo said tokenization works best when quality assets meet blockchain infrastructure. He said the Solana expansion brings a large fixed-income market to an active blockchain ecosystem. Domingo added that Ethena Labs’ planned allocation shows wider use of tokenized real-world assets.
For Ethena Labs, the plan adds another institutional credit strategy to its onchain finance activity. Founder Guy Young said tokenized real-world assets could support capital-efficient financial systems. He linked that view to the continued growth of blockchain-based finance.
Tokenized Credit Market Gains Institutional Momentum
The announcement follows other recent developments involving Ethena Labs and related assets. Coinbase introduced a high-yield USDC vault powered by Morpho and curated by Steakhouse Financial. Coinbase said the lending product includes Ethena-linked assets within its collateral framework.
Securitize said global CLO issuance has exceeded $1.3 trillion. The company said tokenization can reduce operational barriers in institutional credit investing. It also said blockchain infrastructure can improve settlement, ownership records, and distribution.
The Solana expansion comes as Securitize advances a planned public listing. The company recently received United States Securities and Exchange Commission clearance for its merger with Cantor Equity Partners II. Shareholders are scheduled to vote on the transaction on June 29.
If approved, Securitize would trade on the New York Stock Exchange under the ticker SECZ. Company disclosures show it oversees more than $4 billion in tokenized assets. It also services about 650 funds through its fund administration platform.
Securitize works with BlackRock, Apollo Global Management, KKR, Hamilton Lane, and VanEck. Those partnerships have helped place the company among major real-world asset infrastructure providers. Ethena Labs’ planned allocation adds another clear institutional signal to that market.
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