PANews, June 12: According to The Block, Ethena Labs plans to allocate $250 million to Securitize’s Tokenized AAA CLO Fund (STAC), which is now live on Solana. STAC, issued by Securitize in collaboration with BNY Mellon, invests in USD-denominated AAA-rated collateralized loan obligations (CLOs), with a current managed asset size of approximately $102 million and a 7-day annualized yield of about 2.42% and a management fee of 0.3%.
Ethena to Invest $250 Million in Securitize's Tokenized AAA CLO Fund on Solana
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Ethena to Invest $250M in Securitize’s Tokenized AAA CLO Fund on Solana
Ethena Labs is set to invest $250 million in Securitize’s Tokenized AAA CLO Fund (STAC), now live on Solana. The fund, a collaboration with BNY Mellon, targets U.S. dollar-denominated AAA-rated CLOs. It currently holds $102 million in AUM, offers a 7-day annualized yield of 2.42%, and charges a 0.3% management fee. This move brings new on-chain developments to the crypto news landscape, underscoring the growth of tokenized finance.
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