Securitize Expands STAC, Tokenized AAA CLO Fund, to Solana

Ethena Labs Plans $250 Million Allocation as Institutional Demand for Tokenized Credit Continues to Grow

Securitize, Inc. (which has announced a proposed business combination with Cantor Equity Partners II, Inc., the leading platform for tokenizing real-world assets, announced that the Securitize Tokenised AAA CLO Fund (STAC) has expanded to Solana. Ethena Labs, a leader in internet-native financial infrastructure, plans to allocate $250 million to the fund, marking one of the largest commitments to tokenized structured credit on the Solana ecosystem to date.

STAC is a tokenized fund dedicated to AAA-rated collateralized loan obligations (CLOs) and was developed in collaboration with BNY, which serves as custodian for the fund’s underlying assets and sub-adviser through BNY Investments.

The planned allocation from Ethena Labs underscores growing demand for institutional-grade real-world assets that can serve as productive collateral and reward-bearing building blocks within onchain financial markets.

“Tokenization is most powerful when it combines quality assets with the speed, efficiency and accessibility of blockchain infrastructure,” said Carlos Domingo, Co-Founder and CEO of Securitize. “Expanding STAC to Solana brings one of the largest fixed-income markets in the world onto one of the most active blockchain ecosystems. Ethena’s planned allocation further demonstrates how tokenized real-world assets are becoming core infrastructure for the next generation of finance.”

The expansion of STAC to Solana reflects growing institutional demand for tokenized credit products that combine the rigor of traditional asset management with the efficiency, programmability and settlement advantages of blockchain infrastructure. Solana‘s speed, throughput and low transaction costs make it a compelling environment for institutional onchain finance.

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“Solana is the premier destination for institutional capital moving onchain,” said Nick Ducoff, Head of Institutional Growth at Solana Foundation. “The launch of STAC on Solana highlights the growing convergence between traditional financial assets and blockchain-based markets. We’re excited to support the next generation of tokenized financial products being built on Solana.”

The strategy employs a fundamentals-driven approach without the use of leverage, investing substantially all of the fund’s assets in U.S. dollar-denominated AAA-rated CLO tranches sourced from both the primary and secondary markets. The fund seeks to deliver attractive risk-adjusted returns through exposure to floating-rate structured credit.

“As onchain finance evolves, we believe tokenized real-world assets will play an increasingly important role in supporting scalable, capital-efficient financial systems,” said Guy Young, Founder of Ethena. “Our planned allocation to STAC reflects our conviction that institutional-grade credit products can become foundational components of the onchain economy.”

With global CLO issuance exceeding $1.3 trillion* STAC brings one of the largest and most established segments of the credit market onchain. Through tokenization, STAC aims to reduce traditional operational frictions associated with institutional credit investing while enabling more efficient distribution, settlement and ownership.

Eligible investors can subscribe to STAC through Securitize’s regulated platform, with shares issued as digital securities. Securitize provides integrated KYC, AML and investor accreditation, along with transparent recordkeeping and onchain ownership through its transfer agent infrastructure.

STAC joins a growing suite of tokenized institutional products issued by Securitize across public blockchains, reinforcing its role as the leading platform for issuer-led, regulated tokenization and bringing the world’s financial assets onchain.

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