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
Kolmar Korea to sell toothpaste business to affiliate Kolmar Orals for 14,135 million won
The EU questions why a certain exchange continues to operate after being asked to exit
How Strategy keeps STRC near $100 while MSTR stock swings
WTI Crude Oil Drops Over 1.00% Today, Currently at $88.55 per Barrel
Crypto prices
More
