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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Grove plans to invest $100 million in anchor funding for the newly launched Securitize tokenized AAA-rated CLO fund

MetaMask parent company Consensys has hired JPMorgan and Goldman Sachs to lead its IPO.
Trump Family Crypto Project WLFI Appoints Former Robinhood Executive Mack McCain as Chief Legal Officer
