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BlackRock’s Tokenized Fund BUIDL Pitched to Ethena as Reserve Asset

J_News by J_News
July 23, 2024
in Crypto, Top News
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BlackRock Creates Fund With Securitize, a Player in RWA Tokenization; ONDO Jumps 20%
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Trump’s World Liberty Financial Gets a Big Boost From Justin Sun’s $30M WLFI Purchase

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Ethena’s open competition is the latest example of tokenized RWAs getting increasingly used in the crypto-native, decentralized finance (DeFi) world. Most recently, DeFi lender MakerDAO announced plans to invest $1 billion of backing assets of the DAI stablecoin in tokenized Treasury products, while ArbitrumDAO, an ecosystem development organization of Ethereum layer-2 Arbitrum, finalized a similar contest to allocate the equivalent of 35 million of ARB tokens in tokenized offerings.



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