BlackRock

Ethena

USDC

2024

<p><a href="https://bsc.news/news/securitize-ethena-buidl-liquidity-facility?utm_source=coinmarketcap&amp;utm_medium=feed" rel="noopener noreferrer nofollow">Read this article on bsc.news</a></p>
<p>Securitize has launched a round-the-clock liquidity facility that lets eligible holders of BlackRock's tokenized fund BUIDL swap it for stablecoins such as <a href="https://x.com/search?q=%24USDC&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$USDC</a> at any hour, weekends included. <a href="https://x.com/ethena" rel="noopener noreferrer nofollow">@ethena</a> (<a href="https://x.com/search?q=%24ENA&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$ENA</a>) supports the facility, and <a href="https://x.com/Securitize" rel="noopener noreferrer nofollow">@Securitize</a> operates it.</p>
<p>The facility opens with $50 million, split evenly between $USDC and BUIDL. Another $50 million can be added within about an hour as the first batch is used, taking total capacity to $100 million.</p>
<h2 id="how-the-facility-works">How the Facility Works</h2>
<p>BUIDL is formally the BlackRock USD Institutional Digital Liquidity Fund. <cite>The facility lets eligible investors trade BUIDL for stablecoins such as USDC and swap those stablecoins back into BUIDL when banks and traditional markets are shut, weekends included.</cite><cite>The initial liquidity comprises $25 million in USDC and $25 million in BUIDL.</cite></p>
<p><cite>Securitize acts as the regulated transfer agent handling the operational side,</cite> according to Cryptonews. The service is not open to everyone. <cite>It is available to eligible investors rather than the general public, which reflects BUIDL's institutional focus,</cite> Crypto Briefing reported.</p>
<p>The launch follows earlier work between the two companies. <cite>The initiative builds on their existing collaboration around BUIDL and USDtb, Ethena's digital dollar product backed primarily by BUIDL, and the firms first announced the $100 million facility in June,</cite> The Block reported.</p>
<p><cite>"With this facility now live, we're taking another step toward a financial system where institutional investors can access liquidity when they need it, not just when traditional markets are open," said Carlos Domingo, co-founder and CEO of Securitize.</cite></p>
<h2 id="why-off-hours-liquidity-matters-for-tokenized-funds">Why Off-Hours Liquidity Matters for Tokenized Funds</h2>
<p>Tokenized money market funds can move on a blockchain at any time, but redemptions have generally followed traditional market hours. A dedicated pool of stablecoins and fund shares gives holders a defined way in and out outside those hours. <cite>Because USDtb is primarily backed by BUIDL, smoother BUIDL liquidity could also help support the usability of that stablecoin,</cite> according to Crypto Briefing.</p>
<p>Scale helps explain the interest. <cite>BUIDL is described as the largest tokenized money market fund on public blockchains, having gathered $2.5 billion of assets since its March 2024 launch, according to RWA.xyz data cited by Yahoo Finance.</cite><cite>The fund is deployed across multiple blockchains, including Ethereum, Solana, BNB Chain and Aptos, and is accepted as collateral on platforms such as Crypto.com and Deribit,</cite> TechFlow reported, citing The Block.</p>
<p>One detail differs from earlier reporting. <cite>Unchained's June report said holders would be able to move into USDtb as well as USDC, while the November announcement names only USDC.</cite></p>
<h2 id="sources">Sources</h2>
<p><a href="https://www.theblock.co/news/ecosystems/2026-11-12-securitize-ethena-buidl-liquidity-facility-live-usdc-438442" rel="noopener noreferrer nofollow">The Block: Securitize and Ethena's $100 million BlackRock BUIDL liquidity facility goes live</a></p>
<p><a href="https://unchainedcrypto.com/securitize-and-ethena-open-24-7-blackrock-buidl-liquidity-facility-with-50-million-funded/" rel="noopener noreferrer nofollow">Unchained: Securitize and Ethena open 24/7 BlackRock BUIDL liquidity facility</a></p>
<p><a href="https://sg.finance.yahoo.com/news/blackrock-2-5b-tokenized-fund-161301507.html" rel="noopener noreferrer nofollow">Yahoo Finance: BlackRock's $2.5B tokenized fund listed as collateral on Binance</a></p>
<p><a href="https://bsc.news/latest-news?utm_source=coinmarketcap&amp;utm_medium=feed" rel="noopener noreferrer nofollow">See more news on bsc.news</a></p>

Securitize and Ethena Launch $100 Million 24/7 Liquidity Facility for BlackRock's BUIDL Fund

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