According to The Block, Ethena Labs will invest $250 million in Securitize's Tokenized AAA CLO Fund (STAC), which has launched on Solana, issued by Securitize and BNY Mellon, investing in dollar-denominated AAA-rated CLOs, with an asset management scale of approximately $102 million, a 7-day annualized yield of about 2.42%, and a management fee of 0.3%.
Ethena will expand the collateral of USDe/USDTb to institutional-grade real assets and collaborate with Janus Henderson and others to include STAC in USDe reserves.