BlackRock, the world’s largest asset manager, manages over $10 trillion in assets. He has been closely interested in cryptocurrencies since the middle of last year. BlackRock, which even issues its own tokenized bonds, believes in the future of blockchain-based finance and is taking steps in this direction.
ENA Coin Chose BlackRock
DeFi platform Ethena made its decision today. $46 million reserve fund BlackRock and Securitize’s tokenized fund BUIDL announced that it will convert Mountain’s USDM token into Superstate’s USTB and Sky’s USDS token, formerly known as Maker. BUILD will take the lion’s share here and pull in $18 million. For the others, the distribution is as follows:
- USDS 13 Million
- USDM 8 Million
- USTB 7 Million
The company behind USDe issues derivative-backed stablecoins by holding BTC and ETH. The company uses its excess income as an insurance fund and will also generate returns by converting the remaining balance into these RWA tokens.
Tokenized Bonds
The most important thing we will remember from Tether FUDs is that “reserves are supported by assets that can be easily converted into cash”. If stablecoin issuers invest the reserves corresponding to the stablecoins they issue in stocks, some of the stablecoins in which they print dollars will become unrequited due to the fluctuation here. After being criticized for a long time on this issue, Tether cleared its risky assets from its reserves and turned completely to bonds.
Even just for the bond yield desire of stablecoins BlackRock It could bring billions of dollars of demand for tokenized US bonds from giants such as. As a matter of fact, the tokenized Treasury market has tripled in the last year, reaching 2.2 billion dollars.
Ethena received applications from 25 different issuers for its funding needs, and BlackRock and others were selected. BUILD and many more RWA token Ethereum 
$2,383 network and various tokenized assets Solana, Avalanche 
$26 We have seen it expand to networks such as. In the long term, the demand and mobility here is expected to provide very serious returns, mobility and TVL support to reliable smart contract platforms.
Bitcoin 
$60,797 Its price continues to linger at $60,500, oblivious to all the good news. Today is a red day again for altcoins and losses are over 3 percent.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
