- Securitize announced its partnership with BNY Mellon to expand its STAC tokenized AAA CLO fund to Solana.
- Ethena plans to allocate $250 million to the fund, one of the largest institutional backings for a tokenized fund on Solana to date.
- STAC provides on-chain exposure to a diversified portfolio of USD-denominated AAA-rated collateralized loan obligations (CLOs).
On June 12, Securitize, the leading platform for tokenization of real assets (RWA), announced the expansion of its Securitize Tokenized AAA CLO Fund (STAC) to the Solana blockchain network.
The fund will be launched by Solana in partnership with Bank of New York (BNY) Mellon, which will serve as primary custodian for the fund’s underlying assets.
Ethena Labs plans to allocate $250 million to the Securitize Tokenized AAA CLO Fund. This is done through the native stablecoin USDe. This is one of the largest investments in a tokenized structured product on the Solana blockchain to date.
“Bringing STAC to Solana allows us to provide institutional-grade credit on one of the fastest and most widely used blockchains in the world,” the official thread shared by Securitize said.
What is Securities’ STAC fund?
The Securitize Tokenized AAA CLO Fund was first introduced on Ethereum in October 2025. STAC provides exposure to USD-based collateralized loan obligations with the highest AAA credit rating.
These funds are designed to help investors earn impressive returns while keeping risk low. The fund uses a strategy linked to fundamental research linked to underlying loans and does not leverage borrowings to boost returns.
According to official data, STAC has assets under management (AUM) of approximately $102.16 million with a 30-day yield of approximately 4.50%.
“Solana is the premier destination for institutional capital to move on-chain,” said Nick Ducoff, a leading member of the Solana Foundation, in an official announcement. “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.”
The arrival of STAC on the Solana blockchain makes the network perfectly suited for institutional investors in the blockchain ecosystem. According to the report, in the United States and Europe combined, global loan collateral issuance has surged to more than $1.3 trillion.
Solana’s STAC expansion will be included in the leaderboard alongside other assets such as the BlackRock BUIDL fund and Bitwise’s Crypto Carry Fund (USCC).
The announcement of the launch of STAC at Solana comes amid explosive growth in tokenized funds. BlackRock BUIDL is one of the leading tokenization funds issued by Securitize. According to rwa.xyzBUIDL has approximately $2.64 billion in assets managed across various blockchains.
On June 11, Backpack Securities announced the launch of tokenized SpaceX shares on the Solana blockchain through SunriseDeFi.