Securitize partners with BNY Mellon launch tokenized fund backed by AAA-rated credit
Securitize has partnered with BNY Mellon to launch a tokenized fund offering onchain exposure to AAA-rated collateralized loan obligations.
- BNY Mellon will safeguard the fund’s underlying assets and manage its portfolio through a subsidiary.
- Grove, an institutional credit protocol, plans to anchor the fund with a $100 million allocation, pending approval within the Sky Ecosystem.
- The move expands the growing trend of RWA tokenization, following initiatives such as Ondo Finance’s tokenized U.S. Treasury fund on the XRP Ledger and Centrifuge’s partnership with S&P Dow Jones Indices to bring the S&P 500 onchain.
Securitize, a leading RWA tokenization platform, has announced the launch of a tokenized fund that provides onchain exposure to AAA-rated collateralized loan obligations (CLOs). The initiative is being developed in partnership with global investment bank BNY Mellon.
Under the collaboration, BNY Mellon will act as custodian for the fund’s underlying assets, ensuring institutional-grade safeguarding, while one of the bank’s subsidiaries will handle portfolio management. Pending approval within the Sky Ecosystem, Grove—a blockchain-based institutional credit protocol—plans to anchor the fund with an initial $100 million allocation.
According to Carlos Domingo, Securitize CEO, the initiative is a major stop in making high-quality floating-rate credit instruments more accessible and transparent through blockchain technology.
The partnership follows Securitize’s recent announcement of plans to go public through a merger with Cantor Equity Partners II, Inc., a special purpose acquisition company.
The launch of this fund underscores the accelerating trend of tokenizing real-world financial products. Earlier this year, Ondo Finance introduced a tokenized U.S. Treasury fund on the XRP Ledger, allowing investors to hold and redeem government bond exposure via stablecoins. Around the same time, Centrifuge also made headlines by partnering with S&P Dow Jones Indices to tokenize the S&P 500 Index, marking the first instance of the benchmark being brought onchain.
