@rexpeacock
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.
0 reply
0 recast
0 reaction