Securitize expands its tokenized AAA CLO fund to Solana as Ethena Labs plans a $250M allocation backed by BNY.
Securitize has expanded its Securitize Tokenized AAA CLO Fund, known as STAC, to the Solana blockchain. Ethena Labs plans to allocate $250 million to the fund.
Bank of New York Mellon serves as custodian and sub-adviser through BNY Investments. The announcement came through a press release on June 12, 2026, alongside posts from Securitize and Ethena on X.
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STAC Brings AAA-Rated CLOs Onchain
STAC is a tokenized fund built around AAA-rated collateralized loan obligations.
The fund invests in U.S. dollar-denominated AAA CLO tranches sourced from both primary and secondary markets. It uses a fundamentals-driven approach with no leverage. The strategy targets floating-rate structured credit for risk-adjusted returns.
Global CLO issuance has exceeded $1.3 trillion, according to the press release. STAC brings a portion of that market onto a public blockchain.
Eligible investors can subscribe through Securitize’s regulated platform. Shares are issued as digital securities with integrated KYC, AML, and investor accreditation processes.
Carlos Domingo, Co-Founder and CEO of Securitize, said expanding STAC to Solana brings one of the largest fixed-income markets in the world onto one of the most active blockchain ecosystems.
He added that Ethena’s planned allocation shows tokenized real-world assets are becoming core infrastructure for the next generation of finance.
🚨BREAKING: @Securitize has launched STAC, its tokenized AAA CLO fund, on @Solana, backed by Bank of New York Mellon as custodian and sub adviser, with @ethena Labs planning a $250M allocation into the product. pic.twitter.com/qHCWtJNwHg
— SolanaFloor (@SolanaFloor) June 12, 2026
Ethena’s $250M Allocation Targets USDe Collateral Expansion
Ethena Labs confirmed the planned $250 million allocation to STAC on X.
The integration adds STAC to the collateral backing USDe, Ethena’s stablecoin. Besides, it expands USDe’s institutional-grade RWA exposure beyond existing BlackRock BUIDL collateral. The Ethena Risk Committee approved the integration following independent due diligence.
The committee evaluated STAC against four criteria: liquidity, credit quality, drawdown profile, and pricing transparency.
Guy Young, Founder of Ethena, said the planned allocation reflects conviction that institutional-grade credit products can become foundational components of the onchain economy. Ethena also named Securitize a strategic tokenization partner as part of the announcement.
The $250 million planned commitment ranks among the largest allocations to tokenized structured credit on Solana. Besides, it marks a notable expansion of RWA-backed collateral infrastructure within onchain financial markets.
Ethena is partnering with @Securitize as a strategic tokenization partner, with the integration of STAC, the Securitize Tokenized AAA CLO Fund, into USDe's backing.
This expands USDe's institutional-grade RWA exposure beyond existing Blackrock BUIDL collateral.
The integration… https://t.co/MoZTAw78XX pic.twitter.com/wNwgVxokOL
— Ethena (@ethena) June 12, 2026
Solana Positions Itself for Institutional Tokenized Credit
The choice of Solana for STAC’s expansion points to growing institutional interest in the network. Solana’s speed, throughput, and low transaction costs are cited in the press release as key factors.
Nick Ducoff, Head of Institutional Growth at Solana Foundation, said Solana is the premier destination for institutional capital moving onchain. Moreover, he described the STAC launch as highlighting the convergence between traditional financial assets and blockchain-based markets.
Securitize handles transfer agent infrastructure, recordkeeping, and onchain ownership for the fund. The platform already issues tokenized institutional products across multiple public blockchains. STAC joins that growing suite of regulated, issuer-led tokenization products.
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