Cooperation between traditional management institutions and chain agreements continues to deepen. Ethena states that its yield-based United States dollar USDe will be connected to the Beled Investment Management Platform Aladdin, through which institutional clients can use the relevant product and liquidity arrangements. After the news was released, the ENA has increased over the last 24 hours by about 8%.

Aladdin opened for USDe.

Aladdin is the agency-oriented portfolio-building, transaction and risk management platform in Beled, which serves banks, insurance companies, pension and asset management agencies. Ethena states that when access is complete, platform users can use USDE for chain savings and settlement.

The report shows that Aladdin covers more than $20 trillion in total institutional assets. This makes USDe's access not just a single collaborative message, but also means that Ethena is trying to get into a more mature institutional funding system.

BUIDL is included in the reserve arrangement

Ethena further states that the Beled ' s monetization money market fund, BUIDL, will be the main reserve asset for the forthcoming white-marked product. At the same time, the parties plan to establish a mobile facility for the monetization of Belet's monetized products.

This arrangement, which places the stabilization currency, monetization funds and institutional-level liquidity support in the same framework of cooperation, shows that the two parties have extended cooperation from product access to the reserve and settlement levels.

  • USDe is Ethena's profit-based synthesis dollar.
  • BUIDL is a monetized money market fund issued by Belet.
  • The parties also plan to establish a mobility facility for tokenized products

Ethena continues to promote institutional cooperation.

Before that, Ethena had cooperated with the Coinbase, Janus Henderson and Securitize institutions. The report mentioned that Janus Henderson had recently made a strategic investment in the ENA and planned to use USDE for financial management, while exploring the distribution of the coin through exchange-traded products.

Ethena also announced earlier that it planned to allocate $250 million to the AAA-grade guarantee loan voucher fund in Securitize to expand its deployment in the monetized credit market. Coinbase Ventures has also disclosed its first investment in Ethena and plans to introduce related products into the Coinbase user system.

Traditional management speeds up the connection.

Since this year, cooperation between traditional management institutions and chain agreements has continued to increase. In addition to this cooperation, Belet had previously expanded its monetization fund deployment through cooperation with Uniswap, and Apollo Global Management had also worked with Morpho on a loan agreement to promote the monetization of private-market credit assets.