Securitize brings tokenized CLO fund to Solana with $250 million backing from Ethena

A serious conventional finance product is shifting to Solana with a deliberate $250 million dedication.

Securitize, the tokenization platform with greater than $4 billion in belongings underneath administration, has expanded its Securitize Tokenized AAA CLO Fund, referred to as STAC, to Solana.

Ethena Labs, the creator of the USDe stablecoin, plans to allocate $250 million to the fund, marking one of many largest single commitments to tokenized structured credit score on the Solana ecosystem to this point.

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What’s a CLO and why does it matter

A collateralized mortgage obligation, or CLO, is a monetary product that swimming pools collectively company loans and packages them into totally different danger tiers for traders.

STAC particularly invests in AAA-rated CLO tranches, the most secure tier, sourced from each main and secondary markets. The technique makes use of no leverage and targets floating-rate publicity, which means returns alter with rates of interest moderately than being locked in.

The worldwide CLO market exceeds $1.3 trillion, making it one of many largest and most established segments of institutional credit score. Till now, accessing it required vital capital and operational infrastructure. Tokenization goals to vary that.

STAC was developed in collaboration with BNY, which serves as custodian for the fund’s underlying belongings and sub-adviser by way of BNY Investments.

Eligible traders can subscribe by way of Securitize’s regulated platform, with shares issued as digital securities and backed by built-in KYC, AML and investor accreditation checks.

“Tokenization is strongest when it combines high quality belongings with the pace, effectivity and accessibility of blockchain infrastructure,” mentioned Carlos Domingo, co-founder and CEO of Securitize.

“Increasing STAC to Solana brings one of many largest fixed-income markets on this planet onto probably the most lively blockchain ecosystems.”

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Why Solana

As per a report from Messari, printed in Might, Solana’s RWA market capitalization climbed 43% quarter-over-quarter to $2.01 billion throughout Q1 2026.

Tokenized asset buying and selling quantity on the community hit a document $1.3 billion in the identical quarter, and for the primary time, Solana surpassed Ethereum to turn into the main blockchain for RWA lending deposits, a class that surged 115% in three months to succeed in $1.23 billion, based on Blockworks Advisory.

“Solana is the premier vacation spot for institutional capital shifting onchain,” mentioned Nick Ducoff, Head of Institutional Development at Solana Basis.

“The launch of STAC on Solana highlights the rising convergence between conventional monetary belongings and blockchain-based markets.”

Ethena’s conviction

For Ethena Labs, the $250 million deliberate allocation displays a broader thesis about the place onchain finance is heading.

The protocol, backed by Constancy, Franklin Templeton, Dragonfly, Binance Labs, Bybit and OKX, has constructed USDe into the fastest-growing USD-denominated crypto asset in historical past.

“As onchain finance evolves, we imagine tokenized real-world belongings will play an more and more vital function in supporting scalable, capital-efficient monetary programs,” mentioned Man Younger, founding father of Ethena.

“Our deliberate allocation to STAC displays our conviction that institutional-grade credit score merchandise can turn into foundational parts of the onchain economic system.”

STAC joins a rising checklist of tokenized institutional merchandise issued by Securitize throughout public blockchains, sitting alongside funds from Apollo, BlackRock, Hamilton Lane, KKR and VanEck.

Associated: Mastercard faucets Solana because it brings stablecoin settlement to its international card community

This story was initially printed by TheStreet on Jun 12, 2026, the place it first appeared within the Enterprise Information part. Add TheStreet as a Most popular Supply by clicking right here.