Odaily Planet Daily reports that Securitize has launched the "Tokenized AAA CLO Fund" (STAC), providing investors with on-chain exposure to AAA-rated mortgage-backed obligations (CLOs) via Ethereum. BNY provides custody and fund services, and Grove, the on-chain capital allocation arm of the DeFi protocol Sky, plans to invest $100 million as a cornerstone investment. The fund aims to improve the accessibility and settlement efficiency of CLO investments while driving the development of the real-world asset (RWA) tokenization market. Securitize also plans to go public soon through a merger with Cantor Fitzgerald SPAC.