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Securitize has joined forces with BNY to launch the Securitize Tokenized AAA CLO Fund (STAC), the first onchain fund focused on AAA-rated collateralized loan obligations (CLOs), with Grove Finance anchoring $100 million.
BNY and Securitize Push Structured Credit Into the Digital Age
In a move bridging Wall Street credit sophistication with blockchain efficiency, Securitize and BNY have rolled out the Securitize Tokenized AAA CLO Fund (STAC).
The tokenized product is a first-of-its-kind blockchain investment vehicle granting institutional investors exposure to top-tier U.S. dollar CLOs. These structured debt products—long favored for their income-generating resilience—will now live onchain, simplifying access for qualified investors through regulated digital infrastructure.
The fund is backed by Grove Finance, which plans to commit $100 million as an anchor investor. Grove, known for building institutional-grade credit infrastructure, marks STAC’s debut with serious capital and confidence.
BNY, serving as custodian, will also have its investment arm sub-advise the fund. BNY Investments, which oversees $2.1 trillion in assets under management, will apply its structured credit expertise to ensure traditional oversight meets digital innovation.
“Digital assets are a major area of innovation in the investment industry,” said Jose Minaya, Global Head of BNY Investments & Wealth. The BNY exec added:
“Tokenization is a great way to improve access to high-quality credit in an efficient and transparent instrument.”
The collaboration showcases how legacy financial giants are cautiously yet decisively stepping into tokenization. With global CLO issuance topping $1 trillion, onchain funds like STAC represent a shift toward programmable, transparent access to institutional credit markets without sacrificing regulatory guardrails.
For Securitize, the launch embodies its “Tokenizing the World” vision—transforming traditional financial instruments into blockchain-native assets, one fund at a time. And for BNY, it’s another signal that even the most established institutions see blockchain not as a threat, but as the next frontier for asset management.
FAQ 💡
- What is the Securitize Tokenized AAA CLO Fund (STAC)?STAC is an onchain fund giving institutional investors access to AAA-rated U.S. dollar CLOs.
- Who are the key partners in STAC?Securitize launched the fund with BNY as custodian and Grove Finance as anchor investor.
- How much is Grove Finance investing?Grove Finance plans a $100 million anchor allocation to STAC.
- Why is this fund significant?It’s the first tokenized fund focused on AAA-rated CLOs, merging traditional credit with blockchain efficiency.