BlackRock pushes deeper into DeFi with Ethena integration, sending ENA up 8%
The deal gives institutional clients of BlackRock’s Aladdin access to Ethena’s yield-generating token and liquidity facility for BlackRock’s tokenized products.
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Summary
- BlackRock, the world’s largest asset manager, will integrate crypto protocol Ethena’s yield-generating token USDe into its investment management platform Aladdin.
- ENA was up 8% over the past 24 hours following the announcement.
- The deal follows Ethena’s recent partnerships with Coinbase, Janus Henderson and Securitize.
