Securitize Tokenized AAA CLO Fund stac

Securitize Tokenized AAA CLO Fund (STAC), legally named Securitize AAA CLO Tokenized Fund, Ltd., is a private, tokenized investment fund focused on AAA-rated collateralized loan obligations (CLOs). Securitize describes the offering as seeking income and capital preservation through tokenized access to institutional structured credit.

The fund was developed with BNY. BNY serves as custodian for the underlying assets, while BNY Investments is the sub-adviser. The strategy is managed by Securitize Capital according to RWA.xyz’s asset profile.

Eligible investors subscribe through Securitize, with ownership represented by digital tokens. The launch announcement says shares are issued on Ethereum, enabling fractional ownership and transparent recordkeeping while Securitize provides investor qualification, KYC and AML infrastructure.

STAC is a private-placement product rather than a public mutual fund or ETF. RWA.xyz identifies Reg D/Reg S eligibility for U.S. accredited and non-U.S. investors; access and transferability are subject to offering documents, investor eligibility and applicable securities restrictions.

Institutional CLO exposure can involve operational friction, including onboarding, settlement, ownership records and access to structured-credit markets. STAC is designed to address those frictions by putting fund shares on a digital-asset infrastructure and making qualified subscriptions available through Securitize.

The product targets investors seeking floating-rate, high-quality credit exposure beyond cash or money-market products. Its underlying market is large: the BNY launch announcement cites global CLO issuance above $1.3 trillion (Bank of America Global Research, as of September 30, 2024). Tokenization may improve distribution and settlement, but it does not remove credit, liquidity, valuation, regulatory or principal-loss risk.

The fund uses a fundamentals-driven strategy without leverage. According to BNY, it intends to invest substantially all of its assets in U.S.-dollar-denominated AAA-rated CLO tranches selected from both primary and secondary markets. CLOs are securitizations backed by pools of corporate loans; STAC focuses on the senior AAA tranche rather than the equity or lower-rated tranches.

Investors complete Securitize’s qualification and compliance process and subscribe for fund interests. The interests are represented by digital tokens on Ethereum, so the token functions as an on-chain representation of the eligible fund share; it is not an unrestricted, permissionless retail cryptocurrency.

BNY safeguards the underlying assets and BNY Investments provides sub-advisory portfolio expertise. The fund’s income is listed as accumulating, with RWA.xyz reporting a 0.30% management fee and no performance fee.

The Ethereum token is an ERC-20 proxy contract with six decimals at 0x51C2d74017390CbBd30550179A16a1c28F7210fc. On-chain supply and market metrics can differ from fund-level figures and should be treated as time-sensitive data rather than guaranteed returns or liquidity.