Coinbase has added a higher-risk USDC yield vault connected to Ethena, Morpho and Steakhouse Financial.
Ethena will allocate $250 million to Securitize's STAC tokenized fund, which invests in AAA-rated CLOs and operates on Solana. The fund currently manages $102 million in assets and records a 7-day APY of 2.42%, with a management fee of 0.30%.
The breach of $0.0765 confirmed the long-term bearish continuation, and the near-term ENA outlook remained downbeat as well.
Coinbase has added a high-yield USDC vault to its in-app DeFi lending offering. The product runs on Morpho infrastructure and uses vault allocations curated by Steakhouse Financial.
Ethena's integration with Coinbase could reshape crypto savings, offering higher yields but also introducing new risks for investors. Ethena launches High Yield Vault on Coinbase powered by USDe.
Janus Henderson's crypto ventures could reshape asset management, but regulatory hurdles and synthetic asset risks may challenge their success. Janus Henderson acquires ENA, adds USDe to treasury, and explores crypto ETPs with Ethena.
Janus Henderson, a $480 billion asset manager, made a strategic ENA investment, plans to use USDe for treasury cash management, and will explore regulated USDe and ENA products while distributing its tokenized CLO funds through Ethena.
Ethena has strengthened its position at the intersection of decentralized finance (DeFi) and traditional finance through a new partnership with global asset manager Janus Henderson. The agreement includes a strategic investment in Ethenas governance token, ENA, highlighting growing institutional confidence in blockchain-based financial infrastructure.
Ethena has secured a strategic partnership with Janus Henderson, a global asset manager overseeing approximately $480 billion, to diversify USDe's reserve portfolio with AAA-rated tokenized collateralized loan obligations and open regulated distribution of Ethena's products to institutional investors.
Ethena adds Janus Hendersons tokenized CLO fund to USDe backing as the asset manager invests in ENA and explores USDe distribution. Ethena adds institutional tokenized credit to USDe through Janus Henderson partnership.
The deal underscores the trend of traditional asset managers backing DeFi infrastructure, following BlackRock's Uniswap and Apollo's Morpho investments.
Ethena's rapid fee generation and Coinbase Ventures' investment highlight its potential but also risk dependency on a single platform's strategy. Ethena generates $4.62M in daily fees as Coinbase Ventures scoops up ENA tokens.