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CryptoMediumUpdated•Originally published 12 June 2026•Updated 13 June 2026•
1 min read

Ethena Labs Allocates $250M to Tokenized CLO Fund on Solana

Key Facts

1Ethena Labs plans to allocate $250 million to Securitize’s AAA-rated collateralized loan obligation (CLO) fund.
2The Securitize Tokenised AAA CLO Fund (STAC) has expanded to the Solana network to accommodate the investment.
3The allocation marks one of the largest commitments to tokenized structured credit by a crypto-native protocol.

In a move that strengthens the integration of traditional financial assets with decentralized finance protocols, Ethena Labs has announced plans to allocate $250 million to Securitize’s AAA-rated collateralized loan obligation (CLO) fund. The Securitize Tokenised AAA CLO Fund (STAC) has expanded its operations to the Solana network specifically to accommodate this substantial investment. This allocation represents one of the largest commitments to tokenized structured credit ever made by a crypto-native protocol.

This development occurs amidst intensifying competition between blockchain networks to attract Real World Assets (RWA), as Solana challenges Ethereum's dominance in hosting major institutional vehicles like BlackRock’s BUIDL fund. Per market data, this investment aims to diversify the backing of the USDe stablecoin by incorporating institutional-grade credit yields. This shift aligns with a broader industry trend where the tokenized asset sector has grown to exceed billions in total value locked during 2024 (according to RWA.xyz reports).

Traders should monitor Solana's liquidity levels and the impact of this capital influx on USDe stability in the coming weeks. Regarding forward catalysts, the market is awaiting a speech by ECB President Lagarde later today, June 12, 2026, which could influence global risk appetite across both digital assets and decentralized finance sectors.

Latest Updates · 1

  1. Notable·

    Update: Subsequent reports have identified Centrifuge as the technical partner facilitating this investment, tasked with issuing $200 million in JAAA tokens on the Solana network. This partnership provides the necessary infrastructure to bridge corporate credit with DeFi, enhancing the transparency of the assets backing the Ethena protocol.