Ethena Starts Equity Basis Trade on Binance Using Tokenized Stocks
- —Allocations to the strategy began on September 25, 2026
- —The trade pairs tokenized bStocks as spot collateral with Binance equity perpetuals as a hedge
- —The strategy has averaged over 11% annualized over the past six months
- —Binance grants lower auto-deleveraging priority to eligible delta-neutral accounts, including Ethena's
Why it matters: Ethena is extending USDe collateral beyond crypto into tokenized equities, targeting a real-world asset market it pegs at over $150 trillion.
Source: The Crypto Times