TLDR Tech / Crypto
Ethena Integrates USDe Into BlackRock's Aladdin
Ethena announced a three-part institutional partnership with BlackRock, covering USDe integration into the Aladdin portfolio management platform, adoption of BUIDL as the primary collateral asset for Ethena's whitelabel product, and a liquidity facility supporting BlackRock's tokenized product suite. The Aladdin integration is the headline component: Aladdin serves as the operating infrastructure for institutions managing over $20 trillion in assets, meaning USDe becomes accessible to those managers through existing workflows rather than requiring separate on-chain onboarding. The BUIDL-as-collateral arrangement grounds Ethena's whitelabel offering in regulated, yield-bearing real-world assets, while simultaneously giving BlackRock's tokenization stack a DeFi distribution channel.
Read the full story