Securitize partners with BNY to launch tokenized credit fund on Ethereum
Jinse Finance reported that Securitize has launched the “Tokenized AAA CLO Fund” (STAC), providing investors with on-chain exposure to AAA-rated Collateralized Loan Obligations (CLOs) via Ethereum. BNY provides custody and fund services, and Grove, the on-chain capital allocation arm of DeFi protocol Sky, plans to invest $100 million as a cornerstone investment. The fund aims to improve accessibility and settlement efficiency for CLO investments, while also promoting the development of the real-world asset tokenization market. Securitize also plans to go public soon through a merger with Cantor Fitzgerald SPAC.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The author of the "Ethereum CryptoPunk Manifesto" has joined the Ethereum Foundation as the fourth board member.
Overview of Major Overnight Developments on July 30
