Securitize partners with BNY to launch tokenized credit fund on Ethereum
Jinse Finance reported that Securitize has launched the “Tokenized AAA CLO Fund” (STAC), providing investors with on-chain exposure to AAA-rated Collateralized Loan Obligations (CLOs) via Ethereum. BNY provides custody and fund services, and Grove, the on-chain capital allocation arm of DeFi protocol Sky, plans to invest $100 million as a cornerstone investment. The fund aims to improve accessibility and settlement efficiency for CLO investments, while also promoting the development of the real-world asset tokenization market. Securitize also plans to go public soon through a merger with Cantor Fitzgerald SPAC.
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