- Securitize has revealed the expansion of its AAA CLO tokenized fund from STAC to Solana in partnership with BNY Mellon as trustee.
- Ethena plans to allocate $250 million to the fund, one of the largest institutional backings of Solana token funds to date.
- STAC provides direct exposure to a diversified portfolio of AAA-rated collateralized loan obligations (CLOs) denominated in US dollars.
On June 12, Securitize, a leading platform for tokenizing real-world assets (RWAs), announced that it is expanding the Securitize Tokenized AAA CLO (STAC) Fund to the Solana blockchain network.
The fund will be launched in Solana in collaboration with Bank of New York (BNY) Mellon, which will serve as lead custodian of the fund’s underlying assets.
Ethena Labs plans to allocate $250 million to the Securitize Tokenized AAA CLO Fund. This will be done through the native stablecoin USDe. This is one of the largest investments in tokenized structured products on the Solana blockchain to date.
“By bringing STAC to Solana, we are making institutional credit available on one of the fastest and most widely used blockchains in the world,” the official thread shared by Securitize reads.
What is Securitize’s STAC Fund?
The Securitize Tokenized AAA CLO Fund was first introduced on Ethereum in October 2025. STAC provides exposure to a mix of USD-based collateralized loan obligations, which come with the highest AAA credit rating.
The fund is designed in such a way that investors can achieve amazing returns while keeping the risks low. The Fund uses a strategy linked to studying the fundamentals associated with the underlying loans, and does not use borrowed funds to increase returns.
According to official data, STAC holds about $102.16 million in assets under management (AUM) with a 30-day return of about 4.50%.
“Solana is the premier destination for institutional capital moving on the blockchain. The launch of STAC on Solana highlights the growing convergence between traditional financial assets and blockchain-based markets. We are excited to support the next generation of tokenized financial products being built on Solana,” Nick Dukoff, a senior member of the Solana Foundation, said in the official announcement.
STAC’s access to the Solana blockchain makes the network a great fit for institutional investors in the blockchain ecosystem. According to the report, global issuance of collateralized loan obligations rose to more than $1.3 trillion when combining the United States and Europe.
This expansion of STAC on Solana will be placed in the leaderboard alongside other assets such as the BlackRock BUIDL fund and Bitwise Cryptocurrency Carrying Fund (USCC).
The announcement of the launch of STAC on Solana comes amid the explosive growth of token funds. BlackRock BUIDL is one of the leading token funds, which is also issued by Securitize. according to rwa.xyzBUIDL holds approximately $2.64 billion in assets under management across various blockchains.
On June 11, Backpack Securities announced the launch of SpaceX token shares on the Solana blockchain via SunriseDeFi.
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