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Ethena chooses BlackRock BUIDL, USDM, USTB, and USDS for a $46 million tokenization RWA investment.
On October 10, PANews reported that Decentralized Finance protocol Ethene announced on Thursday that it will invest its $46 million reserve fund in BUIDL, the tokenization fund of Belad and Securitize, Mountain’s USDM token, Superstate’s USTB, and Sky (formerly Maker)'s new stablecoin USDS. According to a governance forum post, the protocol’s reserve fund will allocate approximately $18 million in BUIDL, $13 million in USDS, $8 million in USDM, and $7 million in USTB.