Ethena Expands USDe Backing Strategy Into Tokenized US Equities

TL;DR Ethena is expanding the basis-trade strategy behind USDe into tokenized U.S. equities. Binance bStocks can be used as tokenized spot assets while equity perpetual futures hedge the market exposure. The strategy broadens USDe’s backing model beyond crypto-native basis trades, but it also introduces equity-market and venue-specific risks. Ethena is pushing the trading strategy behind […]

Bullish And Equiniti Form Coalition For Issuer-Backed Tokenized Stocks

Bullish and Equiniti have created the Issuer Sponsored Token Coalition to develop standards for tokenized public securities. Early participants include Alpaca, Apex Fintech Solutions and DriveWealth. The group wants tokenized stocks to preserve the direct relationship between public companies and their shareholders rather than creating disconnected synthetic representations. **ID:** B25-10 **Site:** Bitcoinist **Status:** READY **Author:** […]