EthenaLabs: Some BlackRock BUIDL issuers and other entities apply for reserve fund grants

On July 24th, EthenaLabs announced on the X platform that Securitize and Steakhouse Financial, the BUIDL issuers of BlackRock, have applied to the Ethena governance committee for funding from the Ethena reserve fund. It is reported that the Ethena reserve fund has a size of $45 million, and the issuer is invited to recommend the allocation of its RWA or incentive assets to Ethena. After confirmation by the committee, eligible asset issuers will be eligible for funding from the Ethena reserve fund.