Securitize, BNY Mellon launch tokenized fund backed by structured credit
Securitize and BNY Mellon are launching a tokenized fund offering access to AAA-rated collateralized loan obligations onchain.Summary
Securitize, a real-world asset tokenization platform, has partnered with BNY Mellon to launch a tokenized fund that provides investors access to AAA-rated collateralized loan obligations (CLOs) on the blockchain. BNY Mellon will safeguard the underlying assets, and a subsidiary will manage the portfolio. The initiative aims to bring high-quality, floating-rate credit onchain, capitalizing on the growing institutional demand for tokenized assets, with global CLO issuance exceeding $1.3 trillion. Grove, an institutional-grade credit protocol, plans to anchor the fund with a $100 million allocation pending governance approval within the Sky Ecosystem. Securitize CEO Carlos Domingo stated this launch is a significant step toward making high-quality credit more accessible and efficient through digital infrastructure, aligning with the broader surge in real-world asset tokenization.
(Source：Cointelegraph)