Securitize Launches Tokenized AAA CLO Fund with BNY and Grove Backing
Securitize, a leader in real-world asset tokenization, has introduced the Securitize Tokenized AAA CLO Fund (STAC), targeting AAA-rated collateralized loan obligations. The fund benefits from BNY's custodial expertise and a planned $100 million anchor investment from Grove, a credit infrastructure protocol bridging DeFi and traditional finance.
BNY Investments, managing $2.1 trillion in assets, will serve as sub-advisor, bringing institutional-grade fixed income experience. Grove's allocation, pending governance approval, underscores the growing institutional demand for on-chain structured credit products.
"High quality structured credit belongs on-chain," said Sam Paderewski of Grove Labs, highlighting the advantages of tokenized CLOs for distribution and settlement efficiency. The MOVE signals accelerating convergence between traditional finance and blockchain-based solutions.
