Ethena Labs: BlackRock BUIDL, USDS and other 4 entities received RWA allocation from its reserve fund

BlockBeats reported that on October 10, Ethena Labs announced on its social platform that four entities, BUIDL (BlackRock/Securitize), USDS (Sky), USTB (Superstate) and USDM (Mountain), received RWA allocations from its reserve fund, which will be distributed in the next few days.

According to reports, the Ethena reserve fund is worth $45 million, and issuers are invited to promote their RWA or reward asset allocations to Ethena. Qualified asset issuers will be eligible for Ethena reserve fund grants after confirmation by the committee.