PANews reported on October 30th that the decentralized finance protocol Grove announced the launch of the Securitize Tokenized AAA-rated CLO Fund (STAC) in its official blog. This fund focuses on tokenized investments in AAA-rated CLO tranches. The fund is custodied by Bank of New York Mellon (BNY) and advised by its investment arm, Insight. Subject to governance approval, Grove will provide a $100 million pegged investment to STAC. Fund units will be issued in the form of Ethereum digital tokens, and eligible investors can subscribe through the Securitize platform.
Grove plans to invest $100 million in its newly launched Securitize tokenized AAA-rated CLO fund as a pegged investment.
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Author: PA一线
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