Decentralized derivatives protocol
Arcadia is a decentralized and composable margin protocol that allows users to lend, borrow, and trade assets permisionlessly. Borrowers can access up to 10x more capital than their initial collateral and use both their deposited collateral assets and the borrowed assets to permisionlessly interact with any other protocol, all while retaining full ownership of their assets.
According to The Block, Ethena Labs will allocate $250 million to Securitize’s tokenized AAA-rated CLO fund STAC, which has already launched on Solana. STAC—launched by Securitize in partnership with BNY—invests in U.S. dollar-denominated AAA-rated collateralized loan obligations (CLOs) targeting the structured credit market.
According to The Block, Ethereum liquidity re-staking protocol ether.fi has partnered with onchain treasury management platform Plume to launch a new Real World Asset (RWA) yield vault. ether.fi has exclusively allocated $100 million to this vault. Funding sources include its liquidity provider community—comprising funds, family offices, and high-net-worth individuals—as well as managed capital from its existing liquidity vaults, which hold approximately $300 million in total value locked (TVL). The vault is natively integrated into the ether.fi application, enabling users to access institutional-grade yield-generating assets—including overcollateralized credit pools, AAA-rated CLOs, and bond ETFs—with underlying asset management totaling over $10 trillion.
According to CoinDesk, Moody’s has awarded the highest rating of AAA-mf to Fidelity’s and BlackRock’s tokenized money market funds, signifying that both institutions’ products meet the highest standards in credit quality, liquidity, and capital preservation. Fidelity’s FILQ fund launched on May 6, built on Sygnum’s Desygnate tokenization platform, enabling real-time on-chain cash settlement and supported by infrastructure from J.P. Morgan, Apex Group, and Chainlink; BlackRock’s BUIDL fund launched in March 2024 and currently accounts for approximately 15% of the tokenized Treasury market.
According to The Block, Fidelity International’s first tokenized fund—the Fidelity USD Digital Liquidity Fund (FILQ)—has received the highest possible rating of AAA-mf from Moody’s Ratings. The fund launched on May 6 and operates using the same low-volatility net asset value (NAV) money market investment strategy as its existing counterpart, which manages nearly $7 billion in assets. FILQ leverages Sygnum’s tokenization infrastructure and Chainlink’s daily official NAV data sourced from JPMorgan, enabling investors to subscribe to and redeem shares 24/7 using stablecoins. The fund’s tokens are issued on Ethereum as ERC-20 tokens.
Fidelity International has launched its first tokenized fund, the Fidelity USD Digital Liquidity Fund (FILQ), which has received Moody's highest AAA-mf money market fund rating.FILQ functions as the on-chain version of its existing institutional-grade USD Liquidity Fund, referencing the strategy of Fidelity's nearly $7 billion low-volatility net asset value fund. It is designed to serve the 24/7 digital asset market.The fund utilizes tokenization infrastructure provided by Sygnum and is connected to Chainlink oracles to bring daily official net asset value data from JPMorgan onto the blockchain. Investors can subscribe and redeem around the clock using stablecoins.
According to The Block, Ethena Labs will allocate $250 million to Securitize’s tokenized AAA-rated CLO fund STAC, which has already launched on Solana. STAC—launched by Securitize in partnership with BNY—invests in U.S. dollar-denominated AAA-rated collateralized loan obligations (CLOs) targeting the structured credit market.
According to The Block, ANTIK, the blockchain division of asset management giant Janus Henderson—which oversees $480 billion in assets—has established a position in the ENA token and signed a strategic partnership agreement with Ethena to stake USDe for cash management purposes. The two parties have also committed to jointly developing compliant investment products based on USDe and ENA, including ETFs and ETPs, expected to launch in the second half of 2026. As part of the collaboration, Ethena has incorporated Janus Henderson’s JAAA strategy—which invests in AAA-rated CLOs—into the USDe reserve portfolio.
According to The Block, Ethereum liquidity re-staking protocol ether.fi has partnered with onchain treasury management platform Plume to launch a new Real World Asset (RWA) yield vault. ether.fi has exclusively allocated $100 million to this vault. Funding sources include its liquidity provider community—comprising funds, family offices, and high-net-worth individuals—as well as managed capital from its existing liquidity vaults, which hold approximately $300 million in total value locked (TVL). The vault is natively integrated into the ether.fi application, enabling users to access institutional-grade yield-generating assets—including overcollateralized credit pools, AAA-rated CLOs, and bond ETFs—with underlying asset management totaling over $10 trillion.
According to CoinDesk, Moody’s has awarded the highest rating of AAA-mf to Fidelity’s and BlackRock’s tokenized money market funds, signifying that both institutions’ products meet the highest standards in credit quality, liquidity, and capital preservation. Fidelity’s FILQ fund launched on May 6, built on Sygnum’s Desygnate tokenization platform, enabling real-time on-chain cash settlement and supported by infrastructure from J.P. Morgan, Apex Group, and Chainlink; BlackRock’s BUIDL fund launched in March 2024 and currently accounts for approximately 15% of the tokenized Treasury market.
According to The Block, Fidelity International’s first tokenized fund—the Fidelity USD Digital Liquidity Fund (FILQ)—has received the highest possible rating of AAA-mf from Moody’s Ratings. The fund launched on May 6 and operates using the same low-volatility net asset value (NAV) money market investment strategy as its existing counterpart, which manages nearly $7 billion in assets. FILQ leverages Sygnum’s tokenization infrastructure and Chainlink’s daily official NAV data sourced from JPMorgan, enabling investors to subscribe to and redeem shares 24/7 using stablecoins. The fund’s tokens are issued on Ethereum as ERC-20 tokens.
Fidelity International has launched its first tokenized fund, the Fidelity USD Digital Liquidity Fund (FILQ), which has received Moody's highest AAA-mf money market fund rating.FILQ functions as the on-chain version of its existing institutional-grade USD Liquidity Fund, referencing the strategy of Fidelity's nearly $7 billion low-volatility net asset value fund. It is designed to serve the 24/7 digital asset market.The fund utilizes tokenization infrastructure provided by Sygnum and is connected to Chainlink oracles to bring daily official net asset value data from JPMorgan onto the blockchain. Investors can subscribe and redeem around the clock using stablecoins.