A major traditional finance product is moving to Solana with a planned $250 million commitment.
Securitize, the tokenization platform with more than $4 billion in assets under management, has expanded its Securitize Tokenized AAA CLO Fund, known as STAC, to Solana.
Ethena Labs, the creator of the USDe stablecoin, plans to allocate $250 million to the fund, marking one of the largest single commitments to tokenized structured credit on the Solana ecosystem to date.
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What is a CLO and why does it matter
A collateralized loan obligation, or CLO, is a financial product that pools together corporate loans and packages them into different risk tiers for investors.
STAC specifically invests in AAA-rated CLO tranches, the safest tier, sourced from both primary and secondary markets. The strategy uses no leverage and targets floating-rate exposure, meaning returns adjust with interest rates rather than being locked in.
The global CLO market exceeds $1.3 trillion, making it one of the largest and most established segments of institutional credit. Until now, accessing it required significant capital and operational infrastructure. Tokenization aims to change that.
STAC was developed in collaboration with BNY, which serves as custodian for the fund’s underlying assets and sub-adviser through BNY Investments.
Eligible investors can subscribe through Securitize’s regulated platform, with shares issued as digital securities and backed by integrated KYC, AML and investor accreditation checks.
“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.”
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Why Solana
As per a report from Messari, published in May, Solana’s RWA market capitalization climbed 43% quarter-over-quarter to $2.01 billion during Q1 2026.
Tokenized asset trading volume on the network hit a record $1.3 billion in the same quarter, and for the first time, Solana surpassed Ethereum to become the leading blockchain for RWA lending deposits, a category that surged 115% in three months to reach $1.23 billion, according to Blockworks Advisory.
“Solana is the premier destination for institutional capital moving onchain,” said Nick Ducoff, Head of Institutional Growth at Solana Foundation.