Securitize is expanding its real-world asset push by launching the Securitize Tokenized AAA CLO Fund, or STAC, on Solana. Ethena Labs plans a $250 million commitment to the fund, which Securitize described as one of the largest commitments to tokenized structured credit on Solana so far. STAC invests in U.S. dollar-denominated, AAA-rated collateralized loan obligation tranches, highly rated slices of corporate loan bundles. BNY is serving as custodian of the underlying assets and as sub-adviser through BNY Investments.
That combination is the story: a crypto-native firm is committing a quarter-billion dollars into a tokenized credit fund on Solana, with BNY plugged into the asset stack behind it. This is not a memecoin listing or a pilot NFT drop. It is a traditional structured-credit product being packaged onchain with named institutional roles and a defined capital commitment already attached.
All eyes stay on Solana as that tokenized CLO fund lands and tests whether the rebound is finance-led.