Ethena Labs to allocate $250 million to Securitize’s Tokenized AAA CLO Fund as it deploys on Solana
STAC is one of Securitize’s in-house offerings that provides onchain access to institutional-grade, floating-rate structured credit.
Ethena Labs has announced a $250 million allocation to Securitize's Tokenized AAA CLO Fund (STAC) as the fund expands its operations to the Solana blockchain. The investment represents a significant deployment of capital into tokenized structured credit products, marking one of the larger institutional moves into onchain financial instruments this year.
STAC is among Securitize's proprietary offerings designed to provide blockchain-based access to institutional-grade, floating-rate structured credit investments. Collateralized Loan Obligations (CLOs) are investment vehicles that pool loans and divide them into tranches with different risk levels, with AAA-rated tranches representing the lowest risk category. Securitize has been working to bring traditional financial products onchain through tokenization, allowing for programmable and more accessible versions of complex financial instruments.
The allocation highlights the growing institutional appetite for tokenized real-world assets (RWAs) and demonstrates how established crypto projects are diversifying their treasury management strategies. Ethena Labs' decision to deploy capital into structured credit products reflects broader market trends toward yield-generating assets that bridge traditional finance and decentralized finance protocols. The move to Solana also underscores the network's growing role in hosting institutional-grade financial products.
Market participants will be watching how this deployment performs and whether it signals additional institutional capital flows into tokenized credit products across various blockchain networks.
Source: The Block
