TechFlow News, June 12: According to The Block, Ethena Labs will allocate $250 million to Securitize’s tokenized AAA-rated CLO fund STAC, which has already launched on Solana. STAC—launched by Securitize in partnership with BNY—invests in U.S. dollar-denominated, AAA-rated collateralized loan obligations (CLOs) and targets the structured credit market.
As reported, STAC currently manages $102 million in assets from four investors. This move forms part of Ethena Labs’ broader strategy to expand real-world asset allocations and diversify the collateral backing its synthetic dollar products, USDe and USDtb.
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