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.
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Bitcoin market could be facing another...
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Key Takeaways: Tok-Edge secured a $15 million valuation and a $1.5 million seed round led by Marcus Meijer. The firm’s...
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure XRP is holding above $1.30. The market...
