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

Ethena shared plans to allocate a part of its $235 million USDT stablecoin collateral and $45 million surplus reserve in yield-generating real-world asset offerings.

BlackRock's BUIDL, a money market fund represented by an Ethereum-based token, seeks a $34 million allocation from Ethena's $45 million Reserve Fund, according to aSteakhouse Financial alsofor a Reserve Fund allocation on Monday with a USDC lending vault on DeFi platform Morpho Blue, which is overcollateralized by wrapped bitcoin , wrapped staked ether and Backed's tokenized Treasury Bills product .

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