đ” Securitize and Ethena switch on a $100M 24/7 liquidity facility for BlackRock's BUIDL
Securitize and Ethena Labs have launched a $100 million liquidity facility that lets eligible investors swap shares of BlackRock's tokenized BUIDL fund for stablecoins, including USDC, around the clock. It starts with $50 million split evenly between BUIDL and USDC, with another $50 million available within an hour as liquidity is used. The facility was first announced in June and builds on the firms' work around USDtb, Ethena's digital dollar backed mainly by BUIDL.
â Round-the-clock exits from a $2.4 billion tokenized Treasury fund close the gap between market hours and always-on crypto markets, a key step for institutional tokenization.
#Tokenization #RWA #BlackRock #Ethena #USDC
Securitize and Ethena Labs have launched a $100 million liquidity facility that lets eligible investors swap shares of BlackRock's tokenized BUIDL fund for stablecoins, including USDC, around the clock. It starts with $50 million split evenly between BUIDL and USDC, with another $50 million available within an hour as liquidity is used. The facility was first announced in June and builds on the firms' work around USDtb, Ethena's digital dollar backed mainly by BUIDL.
â Round-the-clock exits from a $2.4 billion tokenized Treasury fund close the gap between market hours and always-on crypto markets, a key step for institutional tokenization.
#Tokenization #RWA #BlackRock #Ethena #USDC
