Securitize, a platform specializing in real-world asset tokenization, has unveiled a tokenized fund designed to give investors blockchain-based access to AAA-rated collateralized debt obligations (CDOs).
The fund is being developed in collaboration with global investment bank BNY Mellon. According to Wednesday’s announcement, BNY Mellon will safeguard the fund’s underlying assets, while its subsidiary will manage the fund’s portfolio.
With the global issuance of collateralized debt obligations exceeding $1.3 trillion, Securitize and BNY Mellon aim to bring floating-rate, AAA-rated credit instruments onto the blockchain, the company said.
Pending approval from the Sky ecosystem authority, institutional-grade protocol Grove plans to act as the fund’s anchor investor with a $100 million allocation.
Tokenization converts physical or financial assets—such as equities, real estate, or debt instruments—into digital tokens recorded on a blockchain.
Carlos Domingo, CEO of Securitize, described the launch as “a significant milestone in enhancing accessibility, efficiency, and transparency for high-quality credit products through digital infrastructure.”
The announcement comes shortly after Domingo’s CNBC interview on October 28, where he revealed Securitize’s plans to go public through a merger with the special purpose acquisition company Cantor Equity Partners II, Inc.
The Growing Momentum of Financial Product Tokenization
As tokenization of real-world assets accelerates—reaching over $35.5 billion on the blockchain, according to RWA.xyz—the scope of traditional financial instruments entering the digital space is expanding rapidly.
Earlier this year, Ondo Finance launched a tokenized U.S. Treasury fund on the XRP Ledger, allowing investors to access institutional-grade government bonds with redemption options via stablecoins. The fund commenced operations in June.
In July, Grove, together with blockchain infrastructure platform Centrifuge (CFG), rolled out two tokenized Janus Henderson funds on the Avalanche (AVAX) network.
That same month, Centrifuge partnered with S&P Dow Jones Indices to tokenize the S&P 500 index, marking the first time this benchmark was brought onto a blockchain.
