Securitize has announced the integration of Chronicle as the Proof of Asset verification layer for its Tokenized AAA CLO Fund (STAC), marking a significant step toward enhancing transparency and trust in tokenized financial products. This integration allows investors to continuously and independently verify the fund’s holdings and valuation data, providing a level of visibility that aligns with institutional standards.
The STAC fund is structured to meet the rigorous operational, verification, and oversight expectations of institutional investors. Chronicle plays a central role by independently verifying the fund’s holdings and pricing data, ensuring that the information is continuously available and verifiable onchain. At the same time, BNY serves as the custodian of the fund’s underlying assets and acts as sub-advisor through BNY Investments, reinforcing the institutional-grade framework supporting the fund. This collaboration reflects the growing demand among investors for tokenized financial products that offer the same transparency and accountability as traditional investment vehicles.
Chronicle’s Proof of Asset infrastructure brings scalable verification to tokenized markets by continuously validating offchain financial data and publishing it through a public dashboard. This allows investors and market participants to monitor fund holdings, valuation inputs, and verification status in real time. By providing ongoing verification rather than relying on periodic disclosures, the platform offers greater operational transparency and strengthens investor confidence.
Financial Technology Insights: New York Stock Exchange Develops Tokenized Securities Platform
The verification system performs two critical functions. It continuously confirms the fund’s holdings based on AAA-rated CLO assets held in custody, ensuring asset-level transparency. It also verifies the Net Asset Value (NAV), reflecting the real-time market value of the underlying portfolio. These verification outputs are made available onchain and through Chronicle’s dashboard, enabling investors to access accurate and up-to-date information at any time.
This development is particularly significant given the size and importance of the global collateralized loan obligation (CLO) market, which exceeds $1.3 trillion. While tokenization has created new opportunities for institutional participation, concerns around transparency and asset verification have limited broader adoption. By combining regulated issuance from Securitize, independent verification from Chronicle, and trusted custody services from BNY, the STAC fund introduces a more secure and transparent model for tokenized credit investments.
The fund has already attracted strong institutional interest, including a $100 million anchor investment from Grove, an institutional allocator focused on bringing credit markets onchain. This participation highlights growing confidence among institutional investors in tokenized financial products that offer independent verification, regulated infrastructure, and secure custody. Together, these elements represent a major step forward in bridging traditional finance with blockchain-based investment solutions while maintaining the transparency and trust institutions require.
To share your insights with the FinTech Newsroom, please write to us at info@intentamplify.com