Jun 12
Ethena Labs Pours $250 Million Into Securitize Tokenized Fund on Solana
BitcoinWorld Ethena Labs Pours $250 Million Into Securitize Tokenized Fund on Solana Ethena Labs has announced plans to allocate $250 million to the
➤ Ethena Labs is allocating $250 million to Securitize's tokenized AAA CLO fund (STAC) on Solana, expanding its assets under management to $102 million. ➤ This move diversifies Ethena's stablecoin collateral towards real-world assets (RWAs) like AAA CLOs, aiming to reduce volatility and increase institutional adoption. ➤ The allocation highlights the growth of tokenized credit markets and precedes Securitize's planned Nasdaq SPAC listing.