BNY and Securitize Debut Tokenized AAA CLO Fund

Securitize, Inc., a leading platform for tokenizing real-world assets, announced the launch of the Securitize Tokenized AAA CLO Fund (STAC), a tokenized fund dedicated to AAA-rated collateralized loan obligations (CLOs). According to a story in MarketsMedia news, the fund has been developed in collaboration with BNY a global financial services company. Leveraging its deep expertise enabling the digital assets ecosystem, BNY will serve as custodian for the fund’s underlying assets. The fund will be sub-advised by BNY Investments, which oversees $2.1 trillion in assets under management including over $1.35 trillion in fixed income strategies.