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Securitize collaborates with BNY to launch tokenized credit fund on Ethereum
Summary: Securitize has announced the launch of the 'Tokenized AAA CLO Fund' (STAC) on Ethereum, providing investors with on-chain exposure to AAA-rated Collateralized Loan Obligations (CLOs). BNY will provide custody and fund services, with DeFi protocol Sky's on-chain capital allocator Grove planning to invest $100 million as a cornerstone investment. The fund aims to enhance accessibility ...
Securitize has announced the launch of the 'Tokenized AAA CLO Fund' (STAC) on Ethereum, providing investors with on-chain exposure to AAA-rated Collateralized Loan Obligations (CLOs). BNY will provide custody and fund services, with DeFi protocol Sky's on-chain capital allocator Grove planning to invest $100 million as a cornerstone investment. The fund aims to enhance accessibility and settlement efficiency for CLO investments, while driving the development of the Real World Assets (RWA) tokenization market. Securitize also plans to go public through a merger with Cantor Fitzgerald SPAC in the near future.
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Link: Securitize collaborates with BNY to launch tokenized credit fund on Ethereum [Copy]
