Securitize·BNY Launch Tokenized Credit Fund on Ethereum (ETH)

JH Kim

Summary

Securitize and BNY Mellon said they launched an Ethereum (ETH)-based tokenized credit fund.
They stated the fund provides investment opportunities in collateralized loan obligations (CLOs) for institutional investors.
BNY handles asset custody, and both institutions emphasized the structural stability and security of tokenized financial products.

Tokenization specialist Securitize has launched a tokenized credit fund in cooperation with large U.S. bank BNY Mellon. The fund operates on the Ethereum (ETH) network and offers institutional investors investment opportunities in collateralized loan obligations (CLOs).

On the 29th (local time), cryptoasset (cryptocurrency) media CoinDesk reported that the official name of the newly launched fund is the Securitize Tokenized AAA CLO Fund (STAC). The fund's underlying assets are composed of securities backed by the securitization of leveraged loans to lower-rated companies.

BNY is responsible for custody of the fund's assets (Custody), and its subsidiary Insight Investment handles investment management. Both institutions emphasized the structural stability of tokenized financial products and an institutional-grade security framework.

The outlet said, "This collaboration is part of a trend of expanding cooperation between traditional financial institutions and digital asset infrastructure companies," and "it indicates the full-fledged opening of the tokenized credit product market for institutional investors."