BlackRock's $500M Tokenized Fund Pitches for Ethena's RWA Investment Plan
Briefly

Ethena plans to allocate part of its $235 million USDT holdings and $45 million reserve fund to real-world asset offerings, aiming to earn a yield through tokenized assets.
BlackRock's BUIDL fund and Steakhouse Financial have applied for allocations from Ethena's Reserve Fund, with proposals for tokenized assets and a lending vault.
Read at Coindesk
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