The decision comes after Ethena laid out plans in July to invest its Reserve Fund in RWA-backed products. Some 25 issuers applied for allocation, and the final selection was made by the Ethena Risk Committee, consisting of five voting members of DeFi risk and advisory firms: Gauntlet, Block Analitica, Steakhouse, Llama Risk and Blockworks Advisory, with the Ethena Foundation as a non-voting member.
Source: https://www.coindesk.com/business/2024/10/10/ethena-picks-blackrocks-buidl-mountain-superstate-and-skys-usds-for-46m-tokenized-rwa-investment/?utm_medium=referral&utm_source=rss&utm_campaign=headlines