Securitize Expands Tokenized Fund to Solana, Ethena Considers $250M Allocation
- Securitize has expanded its STAC tokenized AAA CLO fund to Solana.
- Ethena is evaluating the STAC fund as a potential backing asset for USDe and USDtb stablecoins.
- The proposed allocation by Ethena is $250 million, pending governance approval.
- This move is part of a broader trend of integrating real-world assets into public blockchains.
Securitize’s expansion to Solana highlights the increasing intersection of tokenized credit and stablecoin reserve design, offering blockchain-based access to AAA-rated collateralized loan obligations. Ethena’s consideration of a $250 million allocation reflects ongoing efforts to diversify stablecoin collateral with traditional credit products.
This development underscores the shift from proof-of-concept to practical application in using tokenized funds as collateral and treasury products on public blockchains. The proposal’s outcome depends on Ethena’s governance process, which will determine if this allocation becomes reality.
