Ethena to back Securitize's Solana CLO fund with $250 million

Securitize expands its tokenized AAA CLO fund to Solana

Securitize has expanded its Tokenized AAA CLO Fund, known as STAC, to the Solana blockchain. The announcement on June 12, 2026 brings the fund onto a network that has attracted rising institutional capital. STAC gives investors onchain access to United States dollar-denominated, AAA-rated collateralized loan obligations (CLOs). Global CLO issuance across the United States and Europe stood at $1.3 trillion as of September 30, 2024. That figure ranks the asset class among the largest fixed-income markets now moving onchain. The Solana deployment extends STAC, which Securitize had already established, to a new network.

Ethena Labs plans a $250 million allocation to STAC

Ethena Labs plans to allocate $250 million to STAC. The commitment ranks among the largest institutional backings for a tokenized fund on Solana to date. Ethena Labs created USDe, a United States dollar-pegged stablecoin. The Solana Foundation, which promotes the network to institutions, supported the fund's arrival.

"Our planned allocation to STAC reflects our conviction that institutional-grade credit products can become foundational components of the onchain economy.", 12 June 2026. — Guy Young, Founder, Ethena

BNY serves as custodian and sub-adviser for the fund

BNY holds custody of the fund's underlying assets. It also acts as sub-adviser through BNY Investments. STAC invests in floating-rate, AAA-rated CLO tranches. The structure places an established global bank behind a blockchain-based credit product.

"Tokenization is most powerful when it combines quality assets with the speed, efficiency and accessibility of blockchain infrastructure.", 12 June 2026. — Carlos Domingo, Co-Founder and CEO, Securitize

Securitize manages more than $4 billion in assets

Securitize managed more than $4 billion in assets as of April 2026. The firm operates as a Securities and Exchange Commission (SEC) registered broker-dealer, transfer agent, and registered investment adviser. It works with asset managers including Apollo, BlackRock, Hamilton Lane, KKR, and VanEck, and it was named to the 2026 Forbes Top 50 Fintech list. STAC adds a structured-credit product to that regulated tokenization business.

Securitize plans a public listing under SECZ

Securitize expects to list on the New York Stock Exchange under the ticker SECZ. The listing would come through a business combination with Cantor Equity Partners II (Nasdaq: CEPT). Shareholders are scheduled to vote on the combination on June 29, 2026. The plan would place the tokenization firm on a public exchange alongside its onchain fund business.

Solana token trades higher at time of publication

The Solana network token, SOL, traded at $73.56 at the time of publication, up 9.27% over the past 24 hours (CoinPaprika, 15 June 2026). The network held a market value of about $42.66 billion (CoinPaprika, 15 June 2026). SOL recorded about $2.33 billion in trading volume over the same 24-hour window (CoinPaprika, 15 June 2026). The STAC expansion places a regulated fixed-income product on one of the most active blockchain networks.

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