Ethena Commits $250 Million to Securitize Fund as Tokenized Credit Lands on Solana

Ethena will allocate $250 million to Securitize’s STAC tokenized fund, which invests in AAA-rated CLOs and operates on Solana. The fund currently manages $102 million in assets and records a 7-day APY of 2.42%, with a management fee of 0.30%.

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