Source: CoinDesk Ethena’s proposal to allocate funds to tokenized real-world assets for yield follows similar actions by crypto lender MakerDAO and Ethereum layer-2 Arbitrum’s development organization. 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 (RWA) offerings. BlackRock’s BUIDL fund pitched… Continue reading BlackRock’s $500M Tokenized Fund Pitches for Ethena’s RWA Investment Plan; ENA Rallies 22%
Tag: BlackRock
21co analyst sees tokenized US treasuries hitting $3 billion by year-end
Source: CryptoSlate According to Wan, the trend is driven by a DeFi projects’ need for diversification and stability, especially as high interest rates make these assets attractive. 21co analyst Tom Wan believes tokenized US treasuries will hit $3 billion by the end of 2024 amid rising adoption among DeFi projects and Decentralized Autonomous Organizations (DAOs).… Continue reading 21co analyst sees tokenized US treasuries hitting $3 billion by year-end
First Web3 Integrations With Blackrock And The RWA Trend
Source: Forbes The Real-World Asset (RWA) trend has emerged as a significant sector in the financial industry, blending traditional finance with blockchain technology, peaking in 2024. Leading asset management company BlackRock has made major advancements in Real World Assets (RWA) after the Bitcoin ETF launch earlier this year, now managing $21 billion in BTC volume.… Continue reading First Web3 Integrations With Blackrock And The RWA Trend
Hedera’s HBAR Doubles on Misinterpretation of BlackRock Announcement, Then Falls 25%
Source: CoinDesk The market gave back some of its earlier gains after realizing BlackRock wasn’t directly involved in the tokenization on Hedera’s blockchain. Hedera’s HBAR token rallied Tuesday after a foundation supporting the project announced that BlackRock’s U.S. Treasury money market fund had been tokenized on the Hedera blockchain. The token gave back some of… Continue reading Hedera’s HBAR Doubles on Misinterpretation of BlackRock Announcement, Then Falls 25%
BlackRock’s $10 Trillion Tokenization Vision: The Future Of Real World Assets
Source: Forbes We are currently witnessing a digital transformation as traditional finance and investments undergo a seismic shift towards greater efficiency and accessibility. Leading the charge, BlackRockBLK +0.7%, the world’s largest asset manager known for launching its Bitcoin ETF earlier this year, aims to tokenize $10 trillion of its assets in partnership with Securitize. “Today’s… Continue reading BlackRock’s $10 Trillion Tokenization Vision: The Future Of Real World Assets
