Securitize and Ethena Launch $100 Million Liquidity Facility for BlackRock's BUIDL Fund
Securitize Corp. and Ethena Labs have launched a $100 million 24/7 liquidity facility designed to support BlackRock's USD Institutional Digital Liquidity Fund (BUIDL). The facility allows eligible investors to exchange BUIDL for supported stablecoins, such as USDC, outside of traditional banking hours, bridging the gap between blockchain's continuous operation and the constraints of legacy financial settlement systems. The facility begins with an initial $50 million in liquidity—split equally between USDC and BUIDL—with a mechanism to replenish up to an additional $50 million within one hour as needed. This initiative expands on a previous collaboration framework established in June, aiming to enhance the utility of tokenized assets for institutional participants by providing constant access to liquidity.
Topics: Digital Assets Institutional Liquidity Stablecoins Tokenization