Ethena (ENA) Picks BlackRock’s BUIDL, Mountain, Superstate and Sky’s USDS for Tokenized RWA Investment
Ethena recently announced its decision to allocate its Reserve Fund in RWA-backed products, following the plans it laid out in July. A total of 25 issuers applied for the allocation, and the final selection was made by the Ethena Risk Committee. This committee is comprised of five voting members from DeFi risk and advisory firms, including Gauntlet, Block Analitica, Steakhouse, Llama Risk, and Blockworks Advisory. The Ethena Foundation also serves as a non-voting member of the committee.
This strategic move by Ethena highlights its commitment to investing in innovative and secure decentralized finance products. By partnering with reputable firms in the industry, Ethena aims to ensure the safety and growth of its Reserve Fund through RWA-backed investments.
With this latest development, Ethena continues to solidify its position as a leading player in the DeFi space, leveraging the expertise of its Risk Committee to make informed investment decisions. The collaboration between Ethena and its committee members underscores the importance of risk management and due diligence in the rapidly evolving world of decentralized finance.
Overall, Ethena’s decision to invest its Reserve Fund in RWA-backed products signals its confidence in the future potential of decentralized finance and its commitment to responsible and strategic investment practices.
