Securitize, a platform specializing in Real-World Asset (RWA) tokenization, is launching a new tokenized fund to provide onchain exposure to AAA-rated collateralized loan obligations (CLOs). The company announced it is developing this initiative in a strategic partnership with the global investment bank BNY Mellon.

Operational Structure and Initial Investment

Under the terms of the collaboration, BNY Mellon will serve as the custodian for the fund’s underlying assets, providing institutional-grade security. Additionally, one of the bank’s subsidiaries will be responsible for portfolio management. The fund is also poised for a significant initial investment, as Grove, a blockchain-based institutional credit protocol, plans to anchor it with a $100 million allocation. This move is currently pending approval within the Sky Ecosystem.

Securitize CEO Carlos Domingo noted that the initiative represents a major step toward making high-quality, floating-rate credit instruments more accessible and transparent through blockchain technology. The partnership announcement comes as Securitize also prepares to go public through a merger with Cantor Equity Partners II, Inc., a special purpose acquisition company.

A Growing Trend in Asset Tokenization

This launch highlights the accelerating trend of tokenizing traditional financial products. It follows several other high-profile moves in the RWA space. Earlier this year, Ondo Finance introduced a tokenized U.S. Treasury fund on the XRP Ledger, enabling investors to access government bond exposure using stablecoins. In a similar development, Centrifuge partnered with S&P Dow Jones Indices to bring the S&P 500 Index onchain, marking a first for the benchmark index.