Securitize
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Ethena and Securitize compete for Spark's $1B liquidity prize with USDtb Stablecoin
#EthenaLabs and tokenization platform #Securitize have teamed up to submit a proposal for #Spark $1 billion Tokenization Grand Prix. The competition aims to integrate #RWA into decentralized finance by providing liquidity to selected projects.
#EthenaLabs and tokenization platform #Securitize have teamed up to submit a proposal for #Spark $1 billion Tokenization Grand Prix. The competition aims to integrate #RWA into decentralized finance by providing liquidity to selected projects.
š $1 Billion Tokenization Contest Heats Up: Ethena & Securitize Lead the Charge! š
The battle for Skyās $1B tokenization prize is on! š Ethena ($ENA ) and Securitize have joined forces to submit their USDtb stablecoin for Skyās Spark competition, aiming to reshape the future of decentralized finance with tokenized public securities.
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š¹ Whatās at Stake?
Sky (formerly MakerDAO) launched the Tokenization Grand Prix to allocate $1 billion in liquidity toward real-world asset issuers. The competition focuses on innovation in tokenizing public securities, and Ethena & Securitize are stepping up to the plate. š°
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š¹ Why Ethena & Securitize Stand Out
š” Core Proposal:
Utilize BlackRockās tokenized U.S. treasuries fund, BUIDL, as the principal reserve for USDtb.
Introduce a seamless swap facility between USDtb and USDe stablecoins, optimizing asset allocation during Skyās interest rate cycles.
š” Key Strengths:
Backed by BlackRock: With BUIDL being the largest tokenized treasuries fund, Ethena leverages unmatched stability.
Proven Impact: Ethena already contributes $120M annually to Skyās revenue, accounting for nearly 30% of total earnings.
š” Unmatched Flexibility:
Zero-friction reallocation between stablecoins offers Sky unparalleled speed and efficiency in adjusting holdings.
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š¹ Sparkās Vision for the Future
The Spark protocolās $1 billion initiative reflects the growing push to bring real-world assets (RWAs) into decentralized finance. Ethena and Securitizeās USDtb proposal embodies this vision, offering scalability and adaptability in a volatile market
š¬ What do you think about Ethenaās bold move? Could this partnership redefine stablecoin ecosystems? Share your thoughts!
#DeFiRevolution #Ethena #Securitize #SkyTokenizationContest #Write2Earn!
$ENA
The battle for Skyās $1B tokenization prize is on! š Ethena ($ENA ) and Securitize have joined forces to submit their USDtb stablecoin for Skyās Spark competition, aiming to reshape the future of decentralized finance with tokenized public securities.
---
š¹ Whatās at Stake?
Sky (formerly MakerDAO) launched the Tokenization Grand Prix to allocate $1 billion in liquidity toward real-world asset issuers. The competition focuses on innovation in tokenizing public securities, and Ethena & Securitize are stepping up to the plate. š°
---
š¹ Why Ethena & Securitize Stand Out
š” Core Proposal:
Utilize BlackRockās tokenized U.S. treasuries fund, BUIDL, as the principal reserve for USDtb.
Introduce a seamless swap facility between USDtb and USDe stablecoins, optimizing asset allocation during Skyās interest rate cycles.
š” Key Strengths:
Backed by BlackRock: With BUIDL being the largest tokenized treasuries fund, Ethena leverages unmatched stability.
Proven Impact: Ethena already contributes $120M annually to Skyās revenue, accounting for nearly 30% of total earnings.
š” Unmatched Flexibility:
Zero-friction reallocation between stablecoins offers Sky unparalleled speed and efficiency in adjusting holdings.
---
š¹ Sparkās Vision for the Future
The Spark protocolās $1 billion initiative reflects the growing push to bring real-world assets (RWAs) into decentralized finance. Ethena and Securitizeās USDtb proposal embodies this vision, offering scalability and adaptability in a volatile market
š¬ What do you think about Ethenaās bold move? Could this partnership redefine stablecoin ecosystems? Share your thoughts!
#DeFiRevolution #Ethena #Securitize #SkyTokenizationContest #Write2Earn!
$ENA
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š„ BREAKING : #Ethena (ENA) introduces new product UStb.
UStb will be fully backed by #Blackrock BUIDL in partnership with #Securitize , enabling a separate fiat stablecoin product alongside USDe.
š„ JUST IN: US Gary Gensler affirms #Bitcoin š° is not a security.
"Bitcoin, my predecessor and I have said that's not a security. You now have a way to buy into that through ETFs."
ā”ļø Robinhood, Revolut said to explore launching own stablecoins: Bloomberg.
š„ BREAKING : #Ethena (ENA) introduces new product UStb.
UStb will be fully backed by #Blackrock BUIDL in partnership with #Securitize , enabling a separate fiat stablecoin product alongside USDe.
š„ JUST IN: US Gary Gensler affirms #Bitcoin š° is not a security.
"Bitcoin, my predecessor and I have said that's not a security. You now have a way to buy into that through ETFs."
ā”ļø Robinhood, Revolut said to explore launching own stablecoins: Bloomberg.
Title: BlackRock Boosts Tokenization Efforts with $47 Million Investment in Securitize
In a significant move, BlackRock, the world's largest asset manager, has deepened its commitment to tokenization with a $47 million investment in Securitize, a leading platform for tokenizing traditional financial assets. This strategic investment marks a crucial step in BlackRock's efforts to harness the potential of tokenization and expand its presence in the digital asset space.
Tokenization, the process of representing ownership of physical or traditional assets on a blockchain, has gained significant traction in recent years. By investing in Securitize, BlackRock is well-positioned to capitalize on this trend and offer its clients innovative investment solutions.
Securitize, founded in 2017, has established itself as a pioneer in the tokenization space. Its platform enables the creation, management, and trading of digital securities, providing investors with increased accessibility, efficiency, and liquidity.
BlackRock's investment in Securitize builds on their existing collaboration, which saw the launch of the BlackRock USD Institutional Digital Liquidity Fund in March. This fund, tokenized on the Securitize platform, offers institutional investors a digital alternative to traditional money market funds.
The investment demonstrates BlackRock's confidence in Securitize's technology and expertise, as well as its commitment to exploring new avenues for growth in the digital asset space. As the tokenization market continues to evolve, BlackRock's strategic investment positions it for long-term success and underscores the growing importance of digital assets in modern investment strategies.
With this investment, BlackRock and Securitize are poised to drive innovation and adoption in the tokenization space, offering investors new opportunities for diversification and growth.
#Tokenization #BlackRock #Securitize
In a significant move, BlackRock, the world's largest asset manager, has deepened its commitment to tokenization with a $47 million investment in Securitize, a leading platform for tokenizing traditional financial assets. This strategic investment marks a crucial step in BlackRock's efforts to harness the potential of tokenization and expand its presence in the digital asset space.
Tokenization, the process of representing ownership of physical or traditional assets on a blockchain, has gained significant traction in recent years. By investing in Securitize, BlackRock is well-positioned to capitalize on this trend and offer its clients innovative investment solutions.
Securitize, founded in 2017, has established itself as a pioneer in the tokenization space. Its platform enables the creation, management, and trading of digital securities, providing investors with increased accessibility, efficiency, and liquidity.
BlackRock's investment in Securitize builds on their existing collaboration, which saw the launch of the BlackRock USD Institutional Digital Liquidity Fund in March. This fund, tokenized on the Securitize platform, offers institutional investors a digital alternative to traditional money market funds.
The investment demonstrates BlackRock's confidence in Securitize's technology and expertise, as well as its commitment to exploring new avenues for growth in the digital asset space. As the tokenization market continues to evolve, BlackRock's strategic investment positions it for long-term success and underscores the growing importance of digital assets in modern investment strategies.
With this investment, BlackRock and Securitize are poised to drive innovation and adoption in the tokenization space, offering investors new opportunities for diversification and growth.
#Tokenization #BlackRock #Securitize
Ondo Finance partners with BlackRock and Securitize to propose integration of OUSG for Sky's stablecoin
#OndoFinance join forces with #BlackRock and #Securitize to submit the OUSG application to the #SkyEcosystem . OUSG is an on-chain financial product designed to deliver returns aligned with short-term US Treasuries, managing assets worth approximately $229M. Ondo's goal is for OUSG to strengthen Sky's USDS stablecoin, boosting yield and liquidity within the Sky ecosystem.
š x.com/OndoFinance/status/1838219478577918390
#OndoFinance join forces with #BlackRock and #Securitize to submit the OUSG application to the #SkyEcosystem . OUSG is an on-chain financial product designed to deliver returns aligned with short-term US Treasuries, managing assets worth approximately $229M. Ondo's goal is for OUSG to strengthen Sky's USDS stablecoin, boosting yield and liquidity within the Sky ecosystem.
š x.com/OndoFinance/status/1838219478577918390
Securitize integrates Wormhole Protocol to enhance cross-chain capabilities for RWA tokens
#Securitize has integrated the #Wormhole protocol to enhance cross-chain capabilities for assets tokenized on its platform, as announced on September 20. This move aims to address transferability issues faced by #RWA , such as tokenized financial claims and commodities, which are gaining popularity in the cryptocurrency market.
#Securitize has integrated the #Wormhole protocol to enhance cross-chain capabilities for assets tokenized on its platform, as announced on September 20. This move aims to address transferability issues faced by #RWA , such as tokenized financial claims and commodities, which are gaining popularity in the cryptocurrency market.
š¼ BlackRockās on-chain tokenized fund, BUIDL, has quickly become the largest by AUM, drawing in over $520M since its March 2024 launch with #OndoFinance and #Securitize
#BUIDL and similar funds like Franklin Templeton's FBOXX invest in short-term US debt, offering yields aligned with Fed rates.
#BlackRockā© #TrendingTopic
#BUIDL and similar funds like Franklin Templeton's FBOXX invest in short-term US debt, offering yields aligned with Fed rates.
#BlackRockā© #TrendingTopic
#Wormhole šŖ± Gets a Boost from Securitize..But is it a Safe Bet?
Hey crypto fam! š Just got word that #Securitize , a big player in tokenizing assets, is teaming up with Wormhole to make things even easier for institutional investors. Wormhole will help Securitize issue tokens on a whopping 32 blockchains!
But wait, there's a twist! Some folks in the crypto community are raising eyebrows about this partnership. Zach Rynes from Chainlink pointed out that $W was hacked for a cool $320 million and only survived thanks to a bailout from #JumpTrading (the same market maker that profited big from the TerraUSD fiasco).
Is this a red flag? š¤· Some people think so, questioning why Securitize chose Wormhole out of all the other options. Could it be about more than just tech? Maybe there's some financial stuff going on behind the scenes... š¤
Anyway, tokenization is still a growing market, and we'll likely see more platforms and protocols popping up. It'll be interesting to see how this plays out!
What do you think? Is Wormhole a safe choice for Securitize? Let's discuss! DYOR! #Altcoins
Hey crypto fam! š Just got word that #Securitize , a big player in tokenizing assets, is teaming up with Wormhole to make things even easier for institutional investors. Wormhole will help Securitize issue tokens on a whopping 32 blockchains!
But wait, there's a twist! Some folks in the crypto community are raising eyebrows about this partnership. Zach Rynes from Chainlink pointed out that $W was hacked for a cool $320 million and only survived thanks to a bailout from #JumpTrading (the same market maker that profited big from the TerraUSD fiasco).
Is this a red flag? š¤· Some people think so, questioning why Securitize chose Wormhole out of all the other options. Could it be about more than just tech? Maybe there's some financial stuff going on behind the scenes... š¤
Anyway, tokenization is still a growing market, and we'll likely see more platforms and protocols popping up. It'll be interesting to see how this plays out!
What do you think? Is Wormhole a safe choice for Securitize? Let's discuss! DYOR! #Altcoins
Ethena announces a partnership with BlackRock and Securitize
#Ethena partners with #BlackRock and #Securitize to launch the new stablecoin UStb. This stablecoin will be backed by BlackRock tokenized U.S. Treasury fund, BUIDL. The new stablecoin will function as an isolated product distinct from USDe, offering users and exchange partners a new option with a different risk profile compared to USDe.
Ethena is a synthetic dollar protocol on #Ethereum that enables a stable, scalable, crypto-native currency, $USDe, free from traditional banking dependencies.
š x.com/ethena_labs/status/1839258972299427912
#Ethena partners with #BlackRock and #Securitize to launch the new stablecoin UStb. This stablecoin will be backed by BlackRock tokenized U.S. Treasury fund, BUIDL. The new stablecoin will function as an isolated product distinct from USDe, offering users and exchange partners a new option with a different risk profile compared to USDe.
Ethena is a synthetic dollar protocol on #Ethereum that enables a stable, scalable, crypto-native currency, $USDe, free from traditional banking dependencies.
š x.com/ethena_labs/status/1839258972299427912