Ethena and Securitize group up in $1b tokenization challenge - - January

Stablecoin backer Ethena has joined forces with tokenization stage Securitize to yield an application to incorporate the USDtb stablecoin in Sky’s $1 billion tokenization challenge. Ethena ena14.08% Ethena and Securitize uncovered their joint pitch for Sky’s Start competition, pointing to utilize BlackRock’s tokenized U.S. treasuries finance, BUIDL, as the vital save resource. BlackRock propelled BUIDL, the biggest tokenized U.S. treasuries resource support by advertise cap, in Walk 2024. Ethena and Securitize trust to use its part within the Tokenization Fantastic Prix, which centers on bringing $1 billion in tokenized open securities to Sky, once MakerDAO. Sky-based loaning convention Start reported the competition in June this year, advertising real-world resources guarantors the chance to win up to $1 billion in liquidity. Start opened applications for the competition on Eminent 12, 2024.