According to PANews, DeFi protocol Ethena announced on Thursday its decision to invest its $46 million reserve fund into various tokenized assets. The investments will be allocated to BlackRock and Securitize's tokenized fund BUIDL, Mountain's USDM token, Superstate's USTB, and Sky's (formerly known as Maker) new stablecoin USDS.
The governance forum post detailed the distribution of the reserve fund, with approximately $18 million allocated to BUIDL, $13 million to USDS, $8 million to USDM, and $7 million to USTB. This strategic move aims to diversify Ethena's reserve holdings and leverage the potential of tokenized assets in the DeFi space.