what's Securitize Tokenized AAA CLO Fund (STAC)?

Securitize Tokenized AAA CLO Fund (STAC) is a blockchain-based investment fund that tokenizes shares backed by AAA-rated collateralized loan obligations (CLOs). Launched on the Ethereum network, it enables on-chain access to institutional-grade structured credit, with assets custodied by BNY Mellon and managed by Insight, a BNY subsidiary specializing in fixed income strategies. The fund leverages Securitize's tokenization platform to provide 24/7 trading, transparency via blockchain, and efficient settlement. It targets accredited investors seeking stable credit exposure, with features like programmable ownership and secondary market liquidity, bridging traditional finance with decentralized infrastructure.

STAC integrated with Chronicle Labs for Proof of Asset verification services.