PANews reported on June 12 that, according to The Block, Ethena Labs plans to allocate $250 million to Securitize's Tokenized AAA CLO Fund (STAC), which is already listed on Solana. STAC, issued by Securitize in partnership with BNY Mellon, invests in dollar-denominated AAA-rated collateralized loan obligations (CLOs). It currently manages approximately $102 million, with a 7-day annualized yield of approximately 2.42% and a management fee of 0.3%. Ethena's move aims to expand the collateral for USDe and USDtb from crypto-native positions to institutional-grade real-world assets, and it is also collaborating with institutions such as Janus Henderson to include their AAA-rated CLO fund JAAA in the USDe reserve portfolio.