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Ethena will invest $46 million in tokenized funds, including BlackRock’s BUIDL
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Ethena, a protocol in the decentralized finance (DeFi) sector, announced a major investment of $46 million in tokenized funds.
This movement represents an important step in the convergence between blockchain and traditional finance. Ethena’s focus will be to diversify its reserves into real-world-backed assets. The highlight is the BUIDL fund, from the partnership between Securitize and BlackRock, which will receive a significant part of this allocation.
Ethena, known for issuing USDe, a “synthetic dollar” with a market value of US$2.5 billion, decided to expand its investment strategies beyond cryptocurrencies. With the aim of ensuring consistent returns and minimizing risks in a volatile environment, the platform has directed its reserve fund towards four main assets.
BUIDL will absorb 40% of the total invested. In addition, other assets such as Sky’s USDS (29%), Mountain’s USDM (16.5%), and Superstate’s USTB (14.5%) are also part of this allocation.
Ethena invests heavily in funds
Ethena’s Risk Committee, made up of experts from several consultancies, carried out an in-depth analysis to ensure the best assets were chosen.
In total, they analyzed 25 proposals. However, only four met the strict selection criteria, which included product maturity, liquidity, assets under management and risk-adjusted performance.
Investing in tokenized funds reflects the growing trend in the DeFi sector to migrate part of its resources into real assets. The tokenization of real-world assets offers a safe and regulated alternative, allowing platforms like Ethena to diversify their portfolios and reduce their exposure to cryptocurrency market volatility.
These assets, backed by real investments such as Treasury bonds, have lower volatility and greater security. This is essential for managing funds in an unstable market. The tokenized Treasury bond market, for example, has grown significantly over the past year, reaching a value of $2.2 billion, and Ethena is looking to capitalize on this opportunity.
Ethena will invest $46 million in tokenized funds, including BlackRock’s BUIDL
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Ethena will invest $46 million in tokenized funds, including BlackRock’s BUIDL
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Ethena will invest $46 million in tokenized funds, including BlackRock’s BUIDL
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Ethena will invest $46 million in tokenized funds, including BlackRock’s BUIDL