Ethena plans to invest $250 million in the Securitize tokenized AAA CLO fund to expand its RWA footprint.

CoinFeed reported on June 12 that, according to The Block, Ethena Labs plans to allocate $250 million to Securitize's Tokenized AAA CLO Fund (STAC), which is already listed on Solana. STAC, issued by Securitize in partnership with Bank of New York Mellon, invests in dollar-denominated AAA-rated secured loan certificates (CLOs). It currently manages approximately $102 million, has a 7-day annualized yield of approximately 2.42%, and a management fee of 0.3%.