Securitize Brings AAA CLO Fund to Solana as Ethena Plans $250M Allocation

TLDR: Securitize expands its Tokenized AAA CLO Fund, STAC, to the Solana blockchain network. Ethena Labs plans a $250 million allocation to STAC, backing USDe’s reserves. STAC was developed with BNY, which serves as custodian and sub-adviser for assets. Global CLO issuance tops $1.3 trillion, marking a major tokenization milestone for credit. Securitize has expanded [...]

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