- Securitize has announced the expansion of its STAC-branded AAA CLO Fund to Solana in partnership with BNY Mellon as manager.
- Athena plans to allocate $250 million to the fund, which is one of Solana’s largest fundraising efforts to date.
- STAC provides broad exposure to a variety of USD-denominated AAA-rated Collateralized Loan Obligations (CLOs).
On June 12, Securitize, the leading platform for the tokenization of real assets (RWAs), announced that it will add the Securitize token AAA CLO Fund (STAC) to the Solana blockchain network.
The fund will be launched on Solana in partnership with Bank of New York (BNY) Mellon, which will act as the fund’s main asset manager.
Athena Labs plans to allocate $250 million to Securitize Tokenized AAA CLO Fund. This will be done through its native stablecoin USDe. This is one of the largest tokenized transactions on the Solana blockchain to date.
“By bringing STAC to Solana, we’re making institutional loans available on one of the fastest and most widely used blockchains in the world,” he said in an official thread shared with Securitize.
What is Securitize’s STAC Fund?
The Securitize Tokenized AAA CLO Fund was first launched on Ethereum in October 2025. STAC offers a pool of USD-based collateralized loans, which come with high AAA interest rates.
The fund is structured in such a way that the investors can get maximum returns while minimizing the risks. The fund utilizes a strategic approach to research on the fundamentals of the underlying debt, and does not use leveraged funds to increase returns.
According to government filings, STAC has $102.16 million in assets under management (AUM) with a 30-day yield of about 4.50%.
Nick Ducoff, a leading member of the Solana Foundation, said in a public announcement that, “Solana is a progressive center for organizations to move onchain. The launch of STAC at Solana highlights the growing convergence between social economy and blockchain-based markets.
STAC’s arrival on the Solana blockchain makes the network suitable for institutional investors in the blockchain ecosystem. According to the report, global debt issuance has risen to $1.3 trillion in the United States and Europe combined.
STAC’s growth in Solana will be invested in the board together with other resources such as the BlackRock BUIDL fund and Bitwise’s Crypto Carry Fund (USCC).
The announcement of STAC’s launch on Solana comes amid strong growth in tokenized currencies. BlackRock BUIDL is one of the world’s leading asset managers, which is also offered by Securitize. According to rwa.xyzBUIDL holds approximately $2.64 billion in assets managed on various blockchains.
On June 11, Backpack Securities announced the launch of SpaceX shares on the Solana blockchain via SunriseDeFi.
