A major traditional finance product is moving to Solana with a planned commitment of $250 million.
Securitize, a token platform with more than $4 billion in assets under management, has expanded its Securitize Tokenized AAA CLO Fund, known as STAC, to Solana.
Athena Labs, creator of the USDE stablecoin, plans to allocate $250 million to the fund, marking the largest single commitment of a structured credit token in the Solana ecosystem to date.
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What is a CLO and why is it important
A collateralized loan obligation, or CLO, is a financial product that pools corporate debt and packages them into different risk categories for investors.
STAC invests exclusively in AAA-rated CLO bonds, the safest category, available in both the primary and secondary markets. The strategy is leveraged and manages floating rate exposure, meaning returns are adjusted to interest rates instead of being locked in.
The global CLO market exceeds $1.3 trillion, making it one of the largest and most established categories of institutional debt. Until now, access to it required a lot of capital and operational infrastructure. Tokenization aims to change that.
STAC was developed in partnership with BNY, which acts as custodian of the fund’s underlying assets and sub-adviser through BNY Investments.
Eligible investors can register through Securitize’s regulated platform, with shares issued as digital securities and backed by integrated KYC, AML and investor authorization checks.
“Tokenization is most powerful when it combines the assets of quality with the speed, efficiency and accessibility of blockchain infrastructure,” said Carlos Domingo, founder and CEO of Securitize.
“Extending STAC to Solana brings one of the world’s largest fixed income markets to one of the most active blockchain ecosystems.”
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Why Solana?
According to a report from Messari, published in May, Solana’s RWA market capitalization increased by 43% quarter over quarter to $2.01 billion during Q1 2026.
The trading volume of tokenized assets on the network reached a record 1.3 billion dollars in the same quarter, and for the first time, Solana surpassed Ethereum to become the leading RWA blockchain for lending money, a category that increased by 115% in three months to reach $ 1.23 billion, according to Blockworks Advisory.
“Solana is the leading platform for on-chain institutional funds,” said Nick Ducoff, Head of Institutional Development at the Solana Foundation.
