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Securitize Brings Tokenized CLO Fund STAC to Solana as Ethena Labs Plans $250 Million Allocation

6/2/2026

Securitize is extending its tokenized AAA-rated collateralized loan obligation fund, STAC, to the Solana ($SOL) blockchain, with Ethena Labs committing a planned $250 million allocation to the product.

The announcement, made from Miami on June 12, 2026, signals that institutional demand for tokenized credit is moving beyond proof-of-concept into sizable capital commitments.

What STAC Is and Why It Matters A collateralized loan obligation, or CLO, bundles corporate loans into tranches sold to investors in order of risk.

The AAA tranche — the one STAC targets — sits at the top of that stack, meaning it gets paid first if borrowers default.