TechFlow News, November 12 — According to The Block, the BUIDL liquidity facility launched in partnership between Securitize and Ethena is now live. Using USDC as the settlement asset, it enables institutions to access dollar liquidity while holding tokenized dollar assets.

Announced in June this year, the facility connects Ethena’s USDe to BlackRock’s Aladdin investment management platform, which manages approximately $25 trillion in assets. Ethena provides $100 million in liquidity support for BlackRock’s BUIDL fund. Ethena had previously allocated approximately $200 million to BUIDL, helping the fund’s size surpass $1 billion.

BUIDL is the BlackRock USD Institutional Digital Liquidity Fund, tokenized by Securitize. It is one of the largest tokenized Treasury funds and has been deployed on multiple chains, including Ethereum, Solana, BNB Chain, and Aptos. It is also accepted as collateral by platforms such as Crypto.com and Deribit.