Key Takeaways:
Securitize expanded STAC to Solana, with Ethena planning a $250M allocation. Solana RWA activity rose 75% in 30 days as chains compete for tokenized assets.STAC brings exposure to the $1.3T CLO market through regulated onchain securities.STAC was developed with BNY, which serves as custodian for the fund’s underlying assets and sub-adviser through BNY Investments. The fund focuses on U.S. dollar-denominated AAA-rated collateralized loan obligation tranches sourced from primary and secondary markets.
Solana Pushes Deeper Into Tokenized CreditEthena founder Guy Young said tokenized real-world assets are likely to become important building blocks for scalable onchain financial systems. He remarked:
Our planned allocation to STAC reflects our conviction that institutional-grade credit products can become foundational components of the onchain economy.
The CLO market is one of the largest segments of structured credit. Global CLO issuance exceeds $1.3 trillion, according to Bank of America Global Research data cited by Securitize.
Eligible investors can subscribe to STAC through Securitize’s regulated platform. Shares are issued as digital securities, with Securitize providing KYC, AML checks, investor accreditation, transfer-agent infrastructure, and onchain ownership records.
