JAKARTA - Ethena, a USDE and ENA token developer company, will allocate part of its reserves into real-world asset tokenization (Real-World Assets or RWA). One of the initial beneficiaries of this investment is BlackRock's BUIDL funds.
In an update released on July 16, Ethena announced its intention to invest part of the US$235 million (Rp3.76 trillion) in USDT and US$45 million (Rp720 billion) from its Reserve Fund into the RWAs to produce additional returns. The USDE token generates yields by buying Bitcoin (BTC) and Ethereum (ETH) as well as short-selling of these assets on the exchange.
BlackRock's BUIDL funds, which operate as money market funds through Ethereum tokens, submitted an investment request of 34 million US dollars (Rp. 544 billion) from the Ethena Reserve Fund. In addition, there is also axelhouse Financial which proposes a USDC loan platform on the Morpho Blue platform, as well as Mountain Protocol which states interest in submitting proposals in the near future.
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Ethena's move is part of a broader trend in the decentralized financial sector (DeFi), where tokenized real-world assets stand out. Recently, MakerDAO and ArbitrumDAO also announced significant investments in tokenized assets.
According to reports from international crypto media such as CoinDesk and CoinTelegraph, investment in RWAs is expected to provide additional diversification and stability for DeFi portfolios, given the frequent volatility in crypto markets. The approach is also considered a bridge linking traditional assets to the crypto world, opening up new opportunities for institutional and retail investors.
Ethena is optimistic that this investment strategy will not only strengthen its position in the DeFi ecosystem, but also provide more stable and sustainable returns for its token holders. This initiative also demonstrates Ethena's commitment to continuing to innovate and look for new opportunities amid the changing dynamics of the market.
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