BlackRock pushes deeper into DeFi with Ethena integration, sending ENA up 8%
CoinDesk·
60-second summary
BlackRock integrates Ethena's yield-generating token into its risk management platform, creating a $100 million liquidity facility for its tokenized money market fund. This deal sends ENA up 8% as BlackRock pushes deeper into DeFi, expanding its presence in the decentralized finance space and increasing liquidity for its tokenized products, benefiting the broader DeFi ecosystem.
The deal adds Ethena's yield-generating token to BlackRock's risk management platform and create a $100 million liquidity facility for BlackRock's tokenized money market fund.