According to Mars Finance news, the decentralized finance protocol Grove disclosed on its official blog that Securitize today announced the launch of the Securitize tokenization AAA-rated CLO fund (STAC), which focuses on tokenized investments in AAA-rated CLO tranche assets. The fund is custodied by BNY Mellon and its investment company Insight serves as the sub-advisor. Upon governance approval, Grove will provide $100 million in anchor investment for STAC. Fund shares will be issued in the form of Ethereum digital tokens, and eligible investors can subscribe through the Securitize platform.
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Grove plans to invest $100 million in anchor funds into the newly launched Securitize tokenization AAA CLO fund.
According to Mars Finance news, the decentralized finance protocol Grove disclosed on its official blog that Securitize today announced the launch of the Securitize tokenization AAA-rated CLO fund (STAC), which focuses on tokenized investments in AAA-rated CLO tranche assets. The fund is custodied by BNY Mellon and its investment company Insight serves as the sub-advisor. Upon governance approval, Grove will provide $100 million in anchor investment for STAC. Fund shares will be issued in the form of Ethereum digital tokens, and eligible investors can subscribe through the Securitize platform.