Securitize and Ethena Launch BUIDL Liquidity Facility

According to a report by TechFlow on November 12, the BUIDL liquidity facility developed by Securitize and Ethena has officially launched, using USDC as the settlement asset to allow institutions to access USD liquidity while holding tokenized USD assets.

The facility was announced in June this year: BlackRock integrated Ethena's USDe into its Aladdin investment management platform, which oversees approximately $25 trillion in assets under management, while Ethena provided $100 million in liquidity support to BlackRock's BUIDL fund. Ethena had previously allocated approximately $200 million to BUIDL, helping the fund's size surpass $1 billion.

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

Source: TechFlow