Ethena’s open competition is the latest example of tokenized RWAs getting increasingly used in the crypto-native, decentralized finance (DeFi) world. Most recently, DeFi lender MakerDAO announced plans to invest $1 billion of backing assets of the DAI stablecoin in tokenized Treasury products, while ArbitrumDAO, an ecosystem development organization of Ethereum layer-2 Arbitrum, finalized a similar contest to allocate the equivalent of 35 million of ARB tokens in tokenized offerings.
Related posts
-
Deutsche Telekom Joins RWA-Focused XDC Network as Infrastructure Provider in Digital Asset Push
Please note that our privacy policy, terms of use, cookies, and do not sell my personal... -
US Senator plans to announce legislation for Strategic Bitcoin Reserve at Bitcoin 2024
Sen. Cynthia Lummis of Wyoming is poised to announce legislation that could establish Bitcoin as a... -
Coinbase Asset Management Plans Tokenized Money-Market Fund, a Hot Area After BlackRock’s BUIDL Success: Sources
Please note that our privacy policy, terms of use, cookies, and do not sell my personal...