Ethena allocates $46 million to tokenised assets
This investment strategy aligns with Ethena’s goal to integrate real-world assets into its financial ecosystem, with ongoing oversight to monitor asset performance.
Decentralised finance protocol Ethena has revealed plans to allocate $46 million from its Reserve Fund into tokenised real-world assets. The chosen assets include BlackRock’s USD Institutional Digital Liquidity fund, Mountain Protocol’s stablecoin, Sky’s stablecoin (USDS), and the Superstate Short Duration US Government Securities Fund.
Ethena’s risk committee, comprised of five members, assessed 25 options based on factors like liquidity, product maturity, and risk-adjusted yield. BlackRock’s fund will receive the largest portion, 40%, with the rest allocated to Sky’s stablecoin, Mountain Protocol, and Superstate.
These investments are part of Ethena’s strategy to integrate real-world assets into its Reserve Fund. The committee will oversee the assets closely and provide regular updates on their progress.