STAC Fund Expands to Solana

Securitize, a platform focused on tokenization of real-world assets, announced the expansion of its Securitize Tokenised AAA CLO Fund (STAC) to the Solana blockchain. At the same time, Ethena Labs, a company developing blockchain-based financial infrastructure, plans to allocate $250 million to the fund. The commitment is one of the largest investments in tokenized structured credit products within the Solana ecosystem.

STAC is a tokenized fund that invests in AAA-rated collateralized loan obligations (CLOs). The product was created together with BNY, a global banking and asset servicing company. BNY acts as custodian of the fund’s assets and also provides investment support through BNY Investments.

The fund follows a conservative investment strategy without leverage. Most of its assets are invested in U.S. dollar-denominated AAA-rated CLO tranches acquired on both primary and secondary markets. The goal is to provide risk-adjusted returns through exposure to floating-rate credit instruments.

Investors can access STAC through Securitize’s regulated platform, where fund shares are issued as digital securities. The company also provides KYC and AML verification, investor accreditation, and on-chain recordkeeping infrastructure.

Image: Magnific