Securitize has announced that its collateralised loan obligation (CLO) fund, the Securitise Tokenised AAA CLO fund, has expanded to blockchain platform Solana.
Athena Labs has pledged to allocate $250m (£186m) to the fund, marking one of the largest commitments to tokenised structured credit on Solana to date.
The fund is dedicated to AAA-rated CLOs and was developed in collaboration with investment firm BNY, which serves as custodian for the fund’s underlying assets and sub-adviser through BNY Investments.
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The strategy employs a fundamentals-driven approach without the use of leverage, investing substantially all of the fund’s assets in U.S. dollar-denominated AAA-rated CLO tranches sourced from both the primary and secondary markets. The fund seeks to deliver attractive risk-adjusted returns through exposure to floating-rate structured credit.
“Tokenisation is most powerful when it combines quality assets with the speed, efficiency and accessibility of blockchain infrastructure,” said Carlos Domingo, co-founder and chief executive of Securitize.
“Expanding [the fund] to Solana brings one of the largest fixed-income markets in the world onto one of the most active blockchain ecosystems. Ethena’s planned allocation further demonstrates how tokenized real-world assets are becoming core infrastructure for the next generation of finance.”
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