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9 hour ago

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BULLISH 📈 : Securitize brings tokenized AAA CLO fund to Solana blockchain

**Securitize Moves Tokenized AAA CLO Fund to Solana, Ethena Considers $250M Allocation**

Securitize has expanded its STAC tokenized AAA-rated collateralized loan obligation (CLO) fund to the Solana blockchain.

Ethena is reviewing a proposed $250 million allocation of STAC as a reserve asset for its USDe and USDtb stablecoins. Governance approval is still pending, meaning the deployment is not yet confirmed.

The move links three growing trends:
- Tokenized credit products
- Stablecoin reserve diversification
- Search for on-chain yield tied to traditional assets

For Solana, hosting STAC positions it as infrastructure for institutional-grade assets, beyond retail crypto. For Securitize, it expands distribution. For Ethena, the question is how to balance yield with stability in collateral design — AAA CLOs bring conservative ratings but still carry structured credit risks.

The shift signals real-world assets moving from pilots to actual balance-sheet use. Tokenized funds are increasingly evaluated as collateral by protocols managing significant assets, with public blockchains serving as new distribution rails.

Source: PR Newswire