BlackRock's BUIDL fund is discussing an investment plan worth 34 million dollars with Ethena

PANews reported on July 24th, according to CoinDesk, BlackRock's BUIDL fund is discussing a $34 million investment plan with Ethena, aiming to invest part of Ethena's reserves in tokenized real-world assets (RWA). Ethena plans to use part of its $235 million USDT and $45 million reserve fund for RWA to generate returns.

Ethena Labs announced that early applicants for its reward asset allocation proposal include Securitize (representing BlackRock's BUIDL) and Steakhouse Financial. Ethena has also launched a governance committee composed of risk advisory firms, where ENA token holders will manage key decisions.