A significant shift in the traditional finance landscape is taking place as a major financial product transitions to the Solana blockchain with a planned commitment of $250 million. Securitize, a leading tokenization platform managing over $4 billion in assets, has expanded its Securitize Tokenized AAA CLO Fund (STAC) to Solana.
Ethena Labs, the creator of the USDe stablecoin, has announced a substantial allocation of $250 million to the fund. This marks one of the largest single commitments to tokenized structured credit on the Solana ecosystem to date.
STAC focuses on investing in AAA-rated CLO tranches, the safest tier, sourced from both primary and secondary markets. The strategy does not utilize leverage and targets floating-rate exposure, allowing returns to adjust with interest rates. The global CLO market exceeds $1.3 trillion, making it one of the largest segments of institutional credit. Accessing this market previously required significant capital and operational infrastructure, but tokenization aims to change that.
STAC was developed in collaboration with BNY, acting as the custodian for the fund’s underlying assets and sub-adviser through BNY Investments. Eligible investors can subscribe through Securitize’s regulated platform, with shares issued as digital securities backed by integrated KYC, AML, and investor accreditation checks.
Carlos Domingo, co-founder and CEO of Securitize, stated, “Tokenization is most powerful when it combines quality assets with the speed, efficiency, and accessibility of blockchain infrastructure.”
The decision to expand STAC to Solana signifies a significant move as one of the largest fixed-income markets joins one of the most active blockchain ecosystems. Solana’s RWA market capitalization saw a 43% quarter-over-quarter increase to $2.01 billion in Q1 2026. Additionally, tokenized asset trading volume on the network hit a record $1.3 billion in the same quarter, with Solana surpassing Ethereum to become the leading blockchain for RWA lending deposits.
Nick Ducoff, Head of Institutional Growth at Solana Foundation, emphasized, “Solana is the premier destination for institutional capital moving onchain.”
Ethena Labs’ $250 million allocation to STAC reflects a broader vision of the future of onchain finance. The protocol, backed by prominent entities such as Fidelity, Franklin Templeton, and Binance Labs, has seen significant growth with USDe becoming the fastest-growing USD-denominated crypto asset in history.
Guy Young, founder of Ethena, stated, “As onchain finance evolves, we believe tokenized real-world assets will play an increasingly important role in supporting scalable, capital-efficient financial systems.” Ethena’s conviction in the potential of institutional-grade credit products in the onchain economy is evident through their planned allocation to STAC.
STAC adds to the growing list of tokenized institutional products issued by Securitize, alongside offerings from prominent financial institutions. The launch of STAC on Solana underscores the increasing convergence between traditional financial assets and blockchain-based markets.
This article was originally published by TheStreet on June 12, 2026, in the Business News section. It highlights the significant move of tokenized structured credit to the Solana ecosystem and the growing importance of tokenized assets in the financial industry.
