- Securitize has revealed the expansion of its STAC tokenized AAA CLO Fund to Solana in partnership with BNY Mellon as custodian.
- Ethena is planning to allocate $250 million for the fund, which is one of the biggest institutional backings to tokenized funds on Solana till now.
- STAC is providing on-chain exposure to a diversified portfolio of USD-denominated AAA-rated Collateralized Loan Obligations (CLOs).
On June 12, Securitize, a leading platform for tokenization of real-world assets (RWAs), announced that it is expanding its Securitize Tokenized AAA CLO Fund (STAC) to the Solana blockchain network.
The fund will be launched on Solana in collaboration with Bank of New York (BNY) Mellon, which will work as the main custodian for the fund’s underlying assets.
Ethena Labs is planning to allocate $250 million to the Securitize Tokenized AAA CLO Fund. It will be done through its native stablecoin USDe. This is one of the biggest investments in tokenized structured products on the Solana blockchain till now.
“By bringing STAC to Solana, we’re making institutional-grade credit available on one of the fastest and most widely used blockchains in the world,” stated in the official thread shared by Securitize.
What is Securitize’s STAC Fund
The Securitize Tokenized AAA CLO Fund was first introduced on Ethereum in October 2025. STAC is providing exposure to the mix of USD-based collateralized loan obligations, which comes with the highest AAA credit rating.
The fund is designed in a way that investors can earn impressive returns while keeping risks low. The fund is using a strategy linked to the study of fundamentals linked to the underlying loans, and it does not use borrowed money to increase returns.
According to the official data, STAC is holding up around $102.16 million in assets under management (AUM) with a 30-day yield of approximately 4.50%.
Nick Ducoff, a leading member of the Solana Foundation, stated in the official announcement that, “Solana is the premier destination for institutional capital moving onchain. The launch of STAC on Solana highlights the growing convergence between traditional financial assets and blockchain-based markets. We’re excited to support the next generation of tokenized financial products being built on Solana.”
The arrival of STAC on the Solana blockchain is making the network a perfect fit for institutional investors in the blockchain ecosystem. According to the report, the global issuance of collateralized loan obligations has soared to over $1.3 trillion when it combines the United States and Europe.
This expansion of STAC on Solana will be put in the leaderboard along with other assets such as the BlackRock BUIDL fund and Bitwise’s Crypto Carry Fund (USCC).
The announcement of STAC’s launch on Solana comes amid the explosive growth of tokenized funds. BlackRock BUIDL is one of the leading tokenized funds, which is also issued by Securitize. According to rwa.xyz, BUIDL is holding up around $2.64 billion in assets under management across various blockchains.
On June 11, Backpack Securities announced the launch of tokenized SpaceX stocks on the Solana blockchain via SunriseDeFi.
