The deal gives institutional clients of BlackRock's Aladdin access to Ethena's yield-generating token and liquidity facility for BlackRock's tokenized products.

The move makes USDe more accessible to investment professionals wishing to take advantage of 'digital dollar exposure.'

BlackRock's Aladdin platform deepens support for Ethena's stablecoin products, building on the BUIDL-backed USDtb relationship and expanding institutional