Securitize Expands STAC, Tokenized AAA CLO Fund, to Solana
Rhea-AI Summary
Securitize (Nasdaq: CEPT) expanded its Tokenized AAA CLO Fund (STAC) to the Solana blockchain, targeting institutional onchain finance. Ethena Labs plans a $250 million allocation, described as among the largest tokenized structured credit commitments on Solana.
STAC invests in U.S. dollar-denominated AAA-rated CLO tranches without leverage, seeking floating-rate, risk-adjusted returns.
AI-generated analysis. Not financial advice.
Positive
- Ethena Labs plans a $250 million allocation to STAC
- STAC expansion to Solana broadens distribution across a high-throughput blockchain
- Fund invests in U.S. dollar AAA-rated CLO tranches without leverage
- BNY acts as custodian and sub-adviser via BNY Investments
- Shares issued as digital securities with integrated KYC, AML and accreditation
Negative
- None.
News Market Reaction – CEPT
On the day this news was published, CEPT gained 1.11%, reflecting a mild positive market reaction. This price movement added approximately $4M to the company's valuation, bringing the market cap to $359.62M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
CEPT slipped 0.34% with mixed peer moves: HYAC down 2.36%, VACH up 16.98%, others flat. No broad SPAC/blank-check trend confirms this as company-specific news tied to Securitize’s tokenization strategy.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jun 05 | Business combination update | Positive | -3.8% | SEC declares Form S-4 effective for Securitize–CEPT business combination. |
| May 20 | Earnings and growth | Positive | +3.8% | Q1 2026 record revenue and strong tokenized AUM and partnerships. |
| May 05 | Onchain trading launch | Positive | +3.3% | Launch of fully onchain, regulated trading for tokenized equities. |
| May 04 | Regulatory approval | Positive | +1.9% | FINRA approval enabling custody and atomic settlement for tokenized securities. |
| Apr 29 | Tokenized shares deal | Positive | +3.6% | Agreement with Computershare to enable tokenized shares for U.S. issuers. |
Recent Securitize-related news has generally seen positive price reactions, with only the S-4 effectiveness headline drawing a negative move.
Over the last few months, CEPT news has focused on the proposed Securitize business combination and expansion of regulated onchain infrastructure. Key items include SEC effectiveness of the Form S-4 on June 5, 2026, Q1 2026 revenue of $19.5 million (up 39% YoY), and multiple partnerships to enable tokenized equities and shares. This STAC expansion to Solana extends that theme of institutional tokenization and onchain credit products.
Market Pulse Summary
This announcement highlights Securitize’s push into tokenized credit by extending its AAA CLO fund, STAC, to Solana and featuring a planned $250 million allocation from Ethena Labs. It reinforces a broader trend in recent CEPT news: building regulated onchain infrastructure, institutional partnerships, and real-world asset tokenization. Investors may watch progress of the Securitize business combination, institutional uptake of tokenized CLOs, and continued regulatory developments around onchain credit markets.
Key Terms
collateralized loan obligations financial
tokenized structured credit financial
onchain technical
kyc regulatory
aml regulatory
digital securities financial
AI-generated analysis. Not financial advice.
Ethena Labs Plans
STAC is a tokenized fund dedicated to AAA-rated collateralized loan obligations (CLOs) and was developed in collaboration with BNY, which serves as custodian for the fund's underlying assets and sub-adviser through BNY Investments.
The planned allocation from Ethena Labs underscores growing demand for institutional-grade real-world assets that can serve as productive collateral and reward-bearing building blocks within onchain financial markets.
"Tokenization is most powerful when it combines quality assets with the speed, efficiency and accessibility of blockchain infrastructure," said Carlos Domingo, Co-Founder and CEO of Securitize. "Expanding STAC 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."
The expansion of STAC to Solana reflects growing institutional demand for tokenized credit products that combine the rigor of traditional asset management with the efficiency, programmability and settlement advantages of blockchain infrastructure. Solana's speed, throughput and low transaction costs make it a compelling environment for institutional onchain finance.
"Solana is the premier destination for institutional capital moving onchain," said Nick Ducoff, Head of Institutional Growth at Solana Foundation. "The launch of STAC on Solana highlights the growing convergence between traditional financial assets and blockchain-based markets. We're excited to support the next generation of tokenized financial products being built on Solana."
The strategy employs a fundamentals-driven approach without the use of leverage, investing substantially all of the fund's assets in
"As onchain finance evolves, we believe tokenized real-world assets will play an increasingly important role in supporting scalable, capital-efficient financial systems," said Guy Young, Founder of Ethena. "Our planned allocation to STAC reflects our conviction that institutional-grade credit products can become foundational components of the onchain economy."
With global CLO issuance exceeding
Eligible investors can subscribe to STAC through Securitize's regulated platform, with shares issued as digital securities. Securitize provides integrated KYC, AML and investor accreditation, along with transparent recordkeeping and onchain ownership through its transfer agent infrastructure.
STAC joins a growing suite of tokenized institutional products issued by Securitize across public blockchains, reinforcing its role as the leading platform for issuer-led, regulated tokenization and bringing the world's financial assets onchain.
To learn more about the Securitize Tokenized AAA CLO Fund, visit www.securitize.io/stac
*Source: Bank of America Global Research as of September 30, 2024. Includes
About Ethena
Ethena Labs is the creator of USDe and USDtb and a contributor to the Ethena protocol. Ethena's USDe is the fastest growing USD-denominated crypto asset in history, with integrations across some of the largest centralized exchanges and major DeFi applications. Ethena is backed by Fidelity, Franklin Templeton, Dragonfly, Binance Labs, Bybit, and OKX among others.
About Securitize
Securitize, the world's leader in tokenizing real-world assets with
In the U.S., Securitize operates through its affiliates, including Securitize Markets, LLC, an SEC-registered broker-dealer that operates an SEC-regulated Alternative Trading System (ATS); Securitize Transfer Agent, LLC, an SEC-registered transfer agent; Securitize Capital LLC, an Exempt Reporting Adviser; and Securitize Fund Services, LLC, which provides fund administration and digital asset reporting services. In Europe, Securitize operates through its affiliate Securitize Europe Brokerage and Markets, S.A., which is fully authorized as an Investment Firm and operates a Trading & Settlement System (TSS) under the EU DLT Pilot Regime, making Securitize the only company licensed to operate regulated digital-securities infrastructure across both the U.S. and EU. Securitize has also been recognized as a 2026 Forbes Top 50 Fintech company.
For more information, please visit:
Website | X/Twitter | LinkedIn
Disclosure:
Investing in the Securitize Tokenized AAA CLO Fund involves risk, including credit, interest rate, and liquidity risk, and may result in loss of principal. AAA ratings apply to specific securities and do not guarantee performance. Regulatory compliance and blockchain functionality do not eliminate investment risk. Investors should review the fund's offering documents carefully before investing.
Background Information on Securitize's Business Combination
On October 28, 2025, Securitize, Inc. ("Securitize") and Cantor Equity Partners II, Inc. (Nasdaq: CEPT) ("CEPT"), a special purpose acquisition company sponsored by an affiliate of Cantor Fitzgerald, announced that they entered into a definitive business combination agreement for a proposed business combination (the "Proposed Business Combination"). Upon closing of the Proposed Business Combination, the combined company, Securitize Corp., is expected to become publicly listed on NYSE under the ticker symbol "SECZ".
The special meeting of CEPT Shareholders to approve the Business Combination has been scheduled for June 29, 2026, and, if approved, the Business Combination is expected to close shortly thereafter, subject to the satisfaction of customary closing conditions. Additional information about the Proposed Business Combination, including a copy of the business combination agreement, is available in the Current Report on Form 8-K filed by CEPT, and in the registration statement on Form S-4 filed by Securitize and Pubco with the U.S. Securities and Exchange Commission (the "SEC") and available at www.sec.gov.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the U.S. federal securities laws, including statements regarding the proposed business combination involving Securitize, CEPT and Pubco, the anticipated listing of Pubco on NYSE under the ticker symbol "SECZ," the expected timing and completion of the Proposed Business Combination, the anticipated benefits of the Proposed Business Combination, Securitize's growth strategy and expansion plans, market opportunity in tokenization and digital assets, regulatory developments, and future financial performance.
Forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "potential," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. These statements are based on management's current expectations and assumptions and are subject to risks and uncertainties.
Many factors could cause actual results to differ materially from those described in these forward-looking statements, including, but not limited to: the risk that the Proposed Business Combination may not be completed in a timely manner or at all; the failure to satisfy closing conditions, including CEPT shareholder approval; the level of redemptions by CEPT's public shareholders; the ability of Pubco to meet the requisite NYSE listing standards; regulatory developments relating to digital assets and tokenization; market volatility; competition; and those risks factors described in the filings of Securitize, CEPT and/or Pubco with the SEC.
Forward-looking statements speak only as of the date they are made. None of Securitize, CEPT or Pubco undertakes any obligation to update or revise any forward-looking statements, except as required by law.
Important Information and Where to Find It
In connection with the Proposed Business Combination, Securitize and Pubco have filed a registration statement on Form S-4 (the "Registration Statement") with the SEC, which has been declared effective. Securitize and Pubco will promptly file a final prospectus with respect to the securities to be issued in connection with the Proposed Business Combination and CEPT will promptly file and mail a definitive proxy statement with respect to the shareholder meeting of CEPT to vote on the Proposed Business Combination. CEPT shareholders and other interested persons are urged to read the definitive proxy statement/final prospectus, along with other documents filed with the SEC by Securitize, CEPT and/or Pubco, because these documents contain important information about Securitize, CEPT, Pubco and the Proposed Business Combination. Copies of these documents may be obtained free of charge at the SEC's website at www.sec.gov.
NEITHER THE SEC NOR ANY STATE SECURITIES REGULATORY AGENCY HAS APPROVED OR DISAPPROVED THE TRANSACTIONS DESCRIBED IN THIS DOCUMENT, PASSED UPON THE MERITS OR FAIRNESS OF THE PROPOSED BUSINESS COMBINATION OR RELATED TRANSACTIONS OR PASSED UPON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE IN THIS DOCUMENT. ANY REPRESENTATION TO THE CONTRARY CONSTITUTES A CRIMINAL OFFENSE.
Participants in the Solicitation
Securitize, CEPT, Pubco and their respective directors, executive officers and certain other members of management and employees may be deemed under SEC rules to be participants in the solicitation of proxies from CEPT's shareholders in connection with the Proposed Business Combination. Information regarding the names and interests of such persons is, or will be, contained in the filings of Securitize, CEPT and/or Pubco with the SEC, including the Registration Statement and the proxy statement/prospectus.
No Offer or Solicitation
This press release is for informational purposes only and does not constitute a proxy statement or the solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Proposed Business Combination, nor shall it constitute an offer to sell or a solicitation of an offer to buy any securities. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended, or an exemption therefrom.
Securitize Media Contact:
Tom Murphy
Tom.murphy@securitize.io
Investor Relations
Sam Ross
Samuel.ross@securitize.io
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SOURCE Securitize