BlackRock plugs Ethena USDe into Aladdin as ENA price jumps

Ethena‘s governance token ENA has climbed after BlackRock integrated the project’s synthetic dollar USDe into its Aladdin investment platform, extending institutional access to a system used to oversee more than $20 trillion in assets.　　SummaryBlackRock has integrated Ethenas USDe into its Aladdin platform, expanding institutional access to the synthetic dollar.ENA rose as much as 12% following the announcement, outperforming the broader crypto market despite Bitcoin trading below $60,000.StablecoinX founder Ted Chen said the integration opens USDe to institutions managing more than $20 trillion through Aladdin.　　According to a June 29 X announcement from Ethena, the integration enables financial institutions using BlackRocks Aladdin platform to access USDe through their existing investment and risk management workflows.　　→Integration of USDe into BlackRocks Aladdin platform　　→BUIDL as the primary asset for our whitelabel product　　→Liquidity facility on BlackRock tokenized products　　The company said the collaboration gives institutions connected to Aladdin a new route to allocate capital to the synthetic dollar while managing positions within the same platform.　　BlackRock has expanded its relationship with Ethena　　Alongside the USDe integration, Ethena confirmed that BlackRock‘s tokenized money market fund BUIDL will become the primary reserve asset for its white-label product. The companies already work together through USDtb, Ethena’s stablecoin backed mainly by BUIDL, making the