BlackRock adds Ethena USDe to Aladdin with $100M liquidity

BlackRock, the world's largest asset manager, has significantly expanded its partnership with the decentralized finance protocol Ethena, integrating Ethena's synthetic dollar, USDe, into its institutional Aladdin platform. The announcement, made on Monday, June 29, 2026, also establishes a $100 million liquidity facility and deepens the role of BlackRock's tokenized fund, BUIDL, within Ethena's ecosystem.

The integration will provide financial institutions using Aladdin-a portfolio and risk management system overseeing more than $20 trillion in assets-with direct access to USDe through their existing workflows. This move connects a blockchain-native financial product with a cornerstone of traditional institutional infrastructure used by banks, pension funds, insurers, and asset managers.

The collaboration consists of three key initiatives. First is the integration of USDe into the Aladdin platform. Second, BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) will serve as the primary reserve asset for a forthcoming Ethena whitelabel product. Third, a $100 million liquidity facility, operated through the tokenization platform Securitize, will allow eligible clients to...