Overview
- The Ethereum-based STAC fund offers onchain exposure to AAA-rated CLO credit while appointing BNY as custodian and Insight as investment manager.
- Grove, the onchain allocator for Sky (SKY), plans a $100 million anchor commitment to the vehicle, according to the company.
- Tokenized fund shares are intended to deliver faster settlement, fractional ownership, and broader distribution for a traditionally hard-to-access asset class.
- Securitize reports $4.5 billion in prior tokenized issuance, including BlackRock’s BUIDL, and has filed to go public via a Cantor-backed SPAC at a $1.25 billion valuation.
- Industry analyses from BCG and Ripple project the tokenized real‑world asset market could reach $18.9 trillion by 2033 from roughly $35 billion today.