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.
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