Securitize’s STAC AAA CLO Fund Expands to Solana With $250M Ethena Allocation
CEPT•Securitize’s Tokenised AAA CLO Fund (STAC) has expanded to Solana with BNY serving as custodian and sub-adviser for its AAA-rated collateralized loan obligations. Ethena Labs plans a $250 million allocation to STAC, marking one of the largest commitments to tokenized structured credit on Solana and highlighting rising institutional demand.
1. Expansion of STAC to Solana
Securitize’s Tokenised AAA CLO Fund has expanded to Solana, using the blockchain’s high throughput and low transaction costs to tokenize AAA-rated CLO tranches with BNY as custodian and sub-adviser.
2. Ethena Labs Commits $250 Million
Ethena Labs plans to allocate $250 million to STAC, representing one of the largest institutional commitments to tokenized structured credit on the Solana ecosystem and signalling growing demand for blockchain-based fixed-income products.
3. Implications for Securitize-CEPT Business Combination
This development strengthens the product pipeline for the combined Securitize Corp. post-merger, potentially enhancing investor confidence and valuation ahead of the June 29 shareholder vote to approve the transaction.
4. Institutional Onchain Credit Demand Trends
The move underscores a shift toward onchain real-world assets, leveraging tokenization to reduce operational frictions, enable programmable settlement, and offer floating-rate exposure to AAA credit in a capital-efficient manner.
