Solana Lands Big Tokenized Fund: Securitize's STAC Expands to New Blockchain

Securitize has expanded its STAC tokenized AAA CLO Fund to the Solana blockchain, partnering with BNY Mellon as custodian. The fund provides on-chain exposure to a diversified portfolio of USD-denominated AAA-rated Collateralized Loan Obligations (CLOs).

Ethena Labs plans to allocate $250 million to the Securitize Tokenized AAA CLO Fund through its native stablecoin USDe, marking one of the biggest investments in tokenized structured products on Solana. 'By bringing STAC to Solana, we're making institutional-grade credit available on one of the fastest and most widely used blockchains in the world,' stated Securitize.

The fund was first introduced on Ethereum in October 2025 with $102.16 million in assets under management (AUM) and a 30-day yield of approximately 4.50%. The launch on Solana highlights the growing convergence between traditional financial assets and blockchain-based markets, according to Nick Ducoff, a leading member of the Solana Foundation.