Grove plans to invest $100 million in anchor funding for the newly launched Securitize tokenized AAA-rated CLO fund
ChainCatcher news, decentralized finance protocol Grove disclosed on its official blog that Securitize today announced the launch of the Securitize tokenized 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 subsidiary investment company Insight serves as sub-advisor. Upon governance approval, Grove will provide a $100 million 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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Espresso: Users who participated in the Infinite Garden event are eligible for an airdrop
Data: pump.fun uses its daily revenue to fully buy back tokens, and Raydium has already bought back 5%.
AI education agent VideoTutor completes $11 million seed round financing, led by YZi Labs
Trending news
MoreCrypto prices
More
