BlockBeats News, June 12th, Securitize's tokenized AAA-rated Collateralized Loan Obligation (CLO) fund STAC has expanded to the Solana network. Ethena Labs plans to allocate $250 million to the fund, making it one of the largest tokenized structured credit products in the Solana ecosystem to date. STAC, developed in partnership with BNY, has BNY serving as the fund's underlying asset custodian and as a sub-advisor through BNY Investments, investing in USD-denominated AAA-rated CLO tranches using a floating-rate structured credit exposure strategy with no leverage. The global CLO issuance exceeds $1.3 trillion.

Furthermore, Securitize's business combination with Cantor Equity Partners II (NASDAQ: CEPT) is scheduled for a shareholder meeting on June 29th, and post-merger, it will be listed on the NYSE under the ticker symbol "SECZ."