Securitize Expands Tokenized AAA CLO Fund STAC to Solana as Ethena Commits $250M

According to Securitize, the company is expanding its Securitize Tokenized AAA CLO Fund (STAC) to Solana, with Ethena Labs announcing a $250 million allocation to the fund. BNY serves as custodian and sub-adviser for the fund, which provides exposure to U.S. dollar-denominated AAA-rated collateralized loan obligation tranches without leverage.

Securitize's assets on Solana have grown 75% over the past 30 days, reflecting broader competition among blockchains to attract institutional real-world asset (RWA) issuance. The global CLO market exceeds $1.3 trillion according to Bank of America data. Shares are issued as digital securities through Securitize's regulated platform, which handles KYC, AML compliance, and onchain ownership records.