Securitize Brings AAA-Rated CLOs to Solana with Ethena's $250M Investment

Securitize has launched its Tokenized AAA CLO Fund (STAC) on Solana, allowing institutional investors to access tokenized structured credit on one of the industry's most active blockchain networks.

The fund primarily invests in all AAA-rated collateralized loan obligations (CLOs), a value component of the global credit market. The STAC is co-developed with BNY and invests mainly in U.S. dollar-denominated AAA tranches from either primary or secondary CLO markets.

Ethena has pledged $250 million to STAC, making it one of the largest contributors to the fund. This investment is part of Ethena's real-world asset strategy, which aims to bring institutional real-world assets into its support model for USDe, a synthetic dollar product.