Securitize brings tokenized CLO fund to Solana with $250 million backing from Ethena
A significant development in the world of traditional finance is underway as a major finance product moves to the Solana blockchain with a substantial $250 million commitment. Securitize, a leading tokenization platform managing over $4 billion in assets, has expanded its Securitize Tokenized AAA CLO Fund (STAC) to Solana. Ethena Labs, the creator of the USDe stablecoin, has announced plans to allocate $250 million to the fund, marking one of the largest single commitments to tokenized structured credit on the Solana ecosystem.
A collateralized loan obligation (CLO) is a financial product that combines corporate loans into different risk tiers for investors. STAC focuses on investing in AAA-rated CLO tranches, the safest tier, sourced from primary and secondary markets. This strategy involves no leverage and aims for floating-rate exposure, adjusting returns with interest rates fluctuations.
The global CLO market exceeds $1.3 trillion, making it a significant segment of institutional credit. However, accessing this market traditionally required substantial capital and operational infrastructure. Tokenization seeks to revolutionize this by making it more accessible. STAC was developed in partnership with BNY, serving as the custodian for the fund’s underlying assets and sub-adviser through BNY Investments.
Eligible investors can subscribe through Securitize’s regulated platform, with shares issued as digital securities backed by integrated KYC, AML, and investor accreditation checks. Carlos Domingo, co-founder and CEO of Securitize, emphasized the power of tokenization in combining quality assets with the speed and efficiency of blockchain infrastructure.
The decision to expand STAC to Solana is significant, as it brings one of the largest fixed-income markets onto one of the most active blockchain ecosystems. Solana has been gaining traction in the market, with its RWA market capitalization climbing 43% quarter-over-quarter to $2.01 billion in Q1 2026. The network also saw a record $1.3 billion in tokenized asset trading volume in the same quarter, surpassing Ethereum as the leading blockchain for RWA lending deposits.
Nick Ducoff, Head of Institutional Growth at Solana Foundation, highlighted Solana as the premier destination for institutional capital moving on-chain. Ethena Labs’ $250 million commitment to STAC reflects a broader belief in the role of tokenized real-world assets in scalable and capital-efficient financial systems. The protocol, backed by prominent names like Fidelity and Binance Labs, has seen significant growth with the USDe stablecoin.
STAC joins a growing list of tokenized institutional products issued by Securitize on public blockchains, alongside funds from major players like Apollo, BlackRock, and KKR. This move underscores the growing convergence between traditional financial assets and blockchain-based markets, signaling a shift towards a more integrated financial ecosystem.
The launch of STAC on Solana represents a significant step in bridging traditional finance with blockchain technology. As the industry continues to evolve, the integration of tokenized assets and institutional-grade products into the on-chain economy is expected to play a crucial role in shaping the future of finance.
