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Reading: BlackRock’s Tokenized Fund BUIDL Pitched to Ethena as Reserve Asset
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News Junction > Blog > Cryptocurrency > BlackRock’s Tokenized Fund BUIDL Pitched to Ethena as Reserve Asset
BlackRock’s Tokenized Fund BUIDL Pitched to Ethena as Reserve Asset
Cryptocurrency

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

Published July 24, 2024
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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.

#BlackRocks #Tokenized #Fund #BUIDL #Pitched #Ethena #Reserve #Asset

TAGGED:assetBlackRock BUIDLBlackRocksBUIDLEthenafundpitchedReserveTokenizationtokenizedtokenized assets
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