#tokenized closs

[rwatimes]

Securitize Tokenized AAA CLO Fund Hits Solana With $250M Ethena Backing

A major corner of traditional finance just moved further onchain. Securitize has expanded its tokenized AAA CLO fund, known as STAC, to the Solana blockchain, and the announcement carries

➤ Securitize has expanded its tokenized AAA CLO fund (STAC) to the Solana blockchain, attracting a $250 million commitment from Ethena Labs. ➤ This move signifies the increasing integration of traditional, high-grade credit products into public blockchain ecosystems, leveraging Solana's speed and efficiency. ➤ The partnership highlights a growing trend of institutional finance utilizing blockchain for regulated credit products, with BNY serving as custodian and sub-adviser.

[rwatimes]

Ethena Lands $480 Billion Wall Street Giant, Will ENA Price Rally?

➤ Janus Henderson, a $480 billion asset manager, has invested in Ethena's ENA token and will back its synthetic dollar USDe with tokenized AAA CLOs. ➤ This partnership deepens the integration of traditional finance into crypto by diversifying USDe's reserves beyond crypto hedges and Treasuries into corporate credit. ➤ While the news is significant for Ethena's institutional reach, the ENA token price has dipped, with future rallies dependent on the swift implementation of the USDe allocation.