Solana Lands Securitize Tokenized AAA CLO Fund with $250M Ethena Backing

Securitize has expanded its tokenized AAA CLO fund, known as STAC, to the Solana blockchain. The move marks a significant milestone in the convergence of traditional finance and blockchain technology.

The $250 million commitment from Ethena Labs carries serious institutional weight and reflects the firm's conviction that institutional-grade credit products can become foundational components of the onchain economy.

STAC is a tokenized investment vehicle dedicated exclusively to AAA-rated collateralized loan obligations, which are among the most creditworthy instruments in the structured credit market. The fund invests substantially all of its assets in U.S. dollar-denominated AAA CLO tranches sourced from both primary and secondary markets.

Securitize's regulated platform provides a compliant onchain pathway for institutional allocators to engage with tokenized real-world assets, leveraging the speed, efficiency, and accessibility of blockchain infrastructure.