Ethena to Deploy $250M Into Securitize's Tokenized AAA CLO Fund, Deepening RWA Exposure

Ethena Labs is set to invest $250 million in Securitize's Tokenized AAA CLO Fund (STAC), according to a report citing The Block. The fund is already live on Solana. Issued by Securitize in partnership with BNY Mellon, STAC invests in U.S. dollar–denominated, AAA-rated collateralized loan obligations (CLOs). It currently manages about $102 million in assets, posts a seven-day annualized yield of roughly 2.42%, and charges a 0.3% management fee. Ethena said the allocation is intended to broaden the collateral base supporting USDe and USDtb, shifting part of its backing from crypto-native positions toward institutional-grade real-world assets. The firm is also working with managers including Janus Henderson to add its AAA-rated CLO fund, JAAA, to the USDe reserve portfolio.