Grove is set to invest 100 million USD in its newly launched securitize tokenized AAA-rated CLO fund as a pegged investment

On October 30th, Grove introduced the Securitize Tokenized AAA-rated CLO Fund (STAC) via its blog, targeting investments in tokenized AAA-rated CLO tranches.

The fund is managed by Bank of New York Mellon, advised by Insight, and plans a 100 million USD pegged investment for units issued as Ethereum digital tokens for qualified investors.