Securitize, BNY Mellon launch tokenized fund backed by structured credit

Nate Kostar 3 minutes ago Securitize, BNY Mellon launch tokenized fund backed by structured credit Securitize and BNY Mellon are bringing AAA-rated collateralized loan obligations onchain, with Grove planning a $100M anchor as institutional demand for tokenized assets grows. Listen 0:00 18 News COINTELEGRAPH IN YOUR SOCIAL FEED Securitize, a real-world asset tokenization platform, has unveiled a tokenized fund designed to give investors access to AAA-rated collateralized loan obligations onchain. The fund is being developed in partnership with global investment bank BNY Mellon. According to Wednesday’s announcement, BNY will safeguard the fund’s underlying assets, while a subsidiary of the bank will manage the fund’s portfolio. With global collateralized loan obligation issuance topping $1.3 trillion, Securitize and BNY aim to bring AAA-rated floating-rate credit onchain, the company said. Pending governance approval within the Sky Ecosystem, Grove, an institutional-grade credit protocol, plans to anchor the fund with a $100 million allocation. Tokenization is the process of converting real-world assets such as stocks, real estate or debt into digital tokens recorded on a blockchain. Securitize CEO Carlos Domingo said the launch “is a major step in making high-quality credit more accessible, efficient, and transparent through digital infrastructure.” The announcement follows Domingo’s comments to CNBC on Oct. 28, revealing plans for Securitize to go public via a merger with the blank-check company Cantor Equity Partners II, Inc. Related: Tokenization platform tZero eyes 2026 IPO amid surge in crypto listings Tokenization of financial products surges As the tokenization of real-world assets accelerates — with more than $35.5 billion now represented onchain, according to RWA.xyz — the process is rapidly expanding beyond to include a broader range of traditional financial instruments. Total RWA onchain. Source: RWA.xyz In January, Ondo Finance announced it would launch a tokenized US Treasury Fund on the XRP Ledger, enabling investors to gain exposure to institutional-grade government bonds with the option to redeem holdings using stablecoins. The fund went live in June . In July, Grove partnered with Centrifuge , a blockchain infrastructure platform, to launch two Janus Henderson tokenized funds on Avalanche. The same month, Centrifuge partnered with S&P Dow Jones Indices to tokenize the S&P 500 Index , marking the first time the benchmark was brought onchain. Magazine: Solana vs Ethereum ETFs, Facebook’s influence on Bitwise: Hunter Horsley # Blockchain # RWA # RWA Tokenization Add reaction