BlackRock deepens partnership with Ethena Labs to advance institutional-grade digital dollar infrastructure adoption.

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Deep Tide TechFlow news, June 29, according to The Block, BlackRock and Ethena Labs announced a deepening of cooperation. The Aladdin platform has included USDe as a recognized crypto asset to enhance institutional investor access to Ethena's products and improve BUIDL liquidity arrangements.

According to the statement, Ethena will also provide a $100 million liquidity facility through Securitize, allowing eligible BUIDL clients to exchange BUIDL for stablecoins such as USDC and USDtb outside normal trading hours. This move aims to promote interoperability between digital dollar infrastructure and tokenized financial assets, further expanding the application of tokenized real-world assets in the institutional market.

BLK-1.67%
ENA4.04%
USDE-0.01%
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