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Ethena plans to allocate $250 million to Securitize to tokenize an AAA CLO Fund

2026.06.12 21:11:41

On June 12, Securitize announced that its tokenized AAA-rated Collateralized Loan Obligation (CLO) fund STAC has expanded to the Solana network. Ethena Labs plans to allocate $250 million to STAC, making it one of the largest tokenized structured credit products in the Solana ecosystem to date. Developed in partnership with BNY, STAC has the bank serving as both the fund’s underlying asset custodian and a sub-advisor through its BNY Investments division. The fund invests in USD-denominated AAA-rated CLO tranches via a floating-rate structured credit exposure strategy with no leverage. Global CLO issuance totals more than $1.3 trillion. Additionally, Securitize’s business combination with Cantor Equity Partners II (NASDAQ: CEPT) is scheduled for a shareholder meeting on June 29; post-merger, the combined entity will list on the New York Stock Exchange under the ticker symbol "SECZ."
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