Securitize announced on June 12 2026 that its tokenized AAA CLO fund, STAC, will launch on the Solana blockchain, granting investors on‑chain exposure to United States‑dollar‑denominated, AAA‑rated collateralized loan obligations.
Solana Integration
Securitize chose Solana because the network has drawn increasing institutional capital and offers high‑throughput processing for crypto assets. The deployment expands STAC, originally built on other chains, to a platform praised for low transaction fees and rapid finality. Investors can now interact with the fund through Solana’s smart‑contract infrastructure.
Institutional Commitment
Ethena Labs disclosed a $250 million allocation to STAC, marking one of the largest institutional investments in a Solana‑based tokenized fund. The firm, creator of the USDe stablecoin, highlighted its confidence in credit products as core components of the on‑chain economy. Founder Guy Young emphasized that the commitment reflects a strategic belief in the fund’s long‑term potential.
Market Significance
Global issuance of CLOs across the United States and Europe reached $1.3 trillion as of September 30 2024, positioning the asset class among the largest fixed‑income markets transitioning to blockchain. By tokenizing this segment, Securitize aims to attract crypto‑savvy investors seeking exposure to high‑quality credit. The Solana launch underscores a broader trend of institutional players embracing blockchain solutions for traditional finance assets.