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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…
