Securitize and Ethena activate 24/7 liquidity facility for BlackRock's BUIDL fund
Securitize and Ethena Labs have launched a 24/7 liquidity facility with up to $100 million in capacity, enabling eligible investors to trade BlackRock's tokenized BUIDL fund for USDC outside traditional market hours.
Securitize and Ethena Labs have switched on a round-the-clock liquidity facility for BlackRock's USD Institutional Digital Liquidity Fund (BUIDL), according to an announcement reported by Unchained and other crypto news outlets. The service permits eligible investors to trade shares of the tokenized fund for stablecoins such as USDC and swap back into BUIDL outside of traditional banking hours and over weekends.[1][3][4][5]
The facility opened with an initial $50 million funded pool, consisting of $25 million in USDC and $25 million in BUIDL. As investors tap into that liquidity, an additional $50 million tranche can be added within about an hour to reach a maximum capacity of $100 million. Securitize operates the infrastructure, and Ethena backs the facility.[2][3][6]
The rollout follows through on an arrangement outlined in June, when Ethena expanded its partnership with BlackRock and integrated its synthetic dollar, USDe, onto BlackRock's Aladdin risk system. Securitize chief executive Carlos Domingo and Ethena Labs founder Guy Young noted in the announcement that the facility is intended to ensure institutional liquidity keeps pace with digital asset markets that operate around the clock.[3]
Key facts
- Securitize and Ethena Labs launched a 24/7 liquidity facility for BlackRock's USD Institutional Digital Liquidity Fund (BUIDL).
- The facility opened with $50 million funded, evenly split between $25 million in USDC and $25 million in BUIDL.
- A second $50 million tranche can be deployed within an hour, bringing the facility to its $100 million maximum capacity.
- Securitize operates the facility while Ethena backs it.
- Eligible investors can exchange BUIDL for stablecoins such as USDC and swap back during weekends and outside standard market hours.
- The facility follows a June partnership expansion between Ethena and BlackRock that integrated USDe onto BlackRock's Aladdin system.
Sources · 6 sources
- CB
Crypto BriefingArticle ·
Securitize and Ethena launch $100 million liquidity facility for BlackRock’s BUIDL The 24/7 liquidity facility enhances flexibility for institutional investors, potentially increasing reliance on tokenized assets and stablecoins. The post Securitize and Ethena launch $100 million liquidity facility for BlackRock’s BUIDL appeared first on Crypto Briefing .
Open source - LS
Laura Shin@laurashinPost on X ·
BlackRock’s BUIDL can now be traded for USDC on a Saturday: Securitize and Ethena opened the facility with $25 million in USDC and $25 million in BUIDL for eligible investors. https://t.co/JUr0MjtKQ3
Open source - UN
UnchainedArticle ·
Securitize and Ethena Open 24/7 BlackRock BUIDL Liquidity Facility With $50 Million Funded Securitize and Ethena Labs have switched on a round-the-clock liquidity facility for BlackRock’s USD Institutional Digital Liquidity Fund ( BUIDL ), opening it with $50 million and the ability to add the same again within an hour, the two companies announced on Thursday. The facility lets eligible investors trade BUIDL, BlackRock’s tokenized fund, for stablecoins such as USDC and swap those stablecoins back into BUIDL when banks and traditional markets are shut, weekends included. Securitize operates it and Ethena backs it. Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter . How the $100 Million Adds Up The launch pool holds $25 million in USDC and $25 million in BUIDL . As investors draw on that pool, a second $50 million tranche can follow within an hour, the announcement says, lifting the facility to its $100 million maximum capacity. “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,” Carlos Domingo, co-founder and CEO of Securitize, said in the announcement. Guy Young, founder of Ethena Labs, said in the same release that “digital assets operate around the clock, and institutional liquidity needs to keep pace.” What Unchained Is Watching Our read: the facility gives institutions that park cash in a tokenized fund but trade in markets that never close a way to get dollar stablecoins on a Saturday without waiting for Monday. How often the second $50 million gets tapped will be an early test of how much weekend demand there really is. From June Plan to Live Product The launch follows through on a facility first outlined in June, when Ethena and BlackRock widened their partnership , a deal that also brought Ethena’s synthetic dollar, USDe, onto BlackRock’s Aladdin portfolio and risk system. Ethena’s post on X at the time listed a “liquidity facility on BlackRock tokenized products” among the pieces. Unchained’s June report said holders would be able to move into USDtb as well as USDC; Thursday’s announcement names only USDC. Securitize and Ethena already work together on BUIDL and USDtb, Ethena’s digital dollar that is mostly backed by BUIDL. Securitize, listed on the New York Stock Exchange under the ticker SECZ, says it manages about $5 billion in assets as of September. Related Listen: ‘The Crypto User Is Not That Loyal At All’: Guy Young on Ethena’s New Neobank The post Securitize and Ethena Open 24/7 BlackRock BUIDL Liquidity Facility With $50 Million Funded appeared first on Unchained .
Open source - CO
CoinDesk@CoinDeskPost on X ·
NEW: @BlackRock’s BUIDL fund gets a $100M 24/7 liquidity facility, letting eligible investors swap in and out of the tokenized Treasury fund for $USDC outside traditional market hours, operated by @Securitize and backed by @Ethena. https://t.co/RIQpwkFl3D
Open source - TB
The BlockArticle ·
Securitize and Ethena’s $100 million BlackRock BUIDL liquidity facility goes live Securitize & Ethena Labs launch a $100M liquidity facility letting eligible BUIDL holders swap into USDC and other stablecoins 24/7.
Open source - BS
BSCN@BSCNewsPost on X ·
Ethena and Securitize open 24/7 liquidity for BlackRock’s BUIDL fund @Securitize launched a facility today that lets eligible holders of @BlackRock’s tokenized fund BUIDL swap it for stablecoins such as $USDC at any hour, weekends included. @ethena ($ENA) supports the facility, and Securitize operates it. It opens with $50M, split evenly between USDC and BUIDL. Another $50M can be added within about an hour as that first batch is used, taking total capacity to $100M.
Open source