Securitize partners with BNY to launch tokenized credit fund on Ethereum

ChainCatcher news, Securitize launches "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 DeFi protocol Sky's on-chain capital allocation agency Grove plans to invest $100 million as a cornerstone investment. The fund aims to enhance the accessibility and settlement efficiency of CLO investments while promoting the development of the real-world asset (RWA) tokenization market. Securitize also recently plans to go public through a merger with Cantor Fitzgerald SPAC.