Securitize and Ethena Open 24/7 BlackRock BUIDL Liquidity Facility With $50 Million Funded
By Unchained
AI summary of the source article
Securitize and Ethena Labs have launched a 24/7 liquidity facility for BlackRock’s BUIDL tokenized fund with an initial $50 million. The facility enables eligible investors to trade BUIDL for USDC when banks and traditional markets are closed.
Why it matters
Securitize co-founder and CEO Carlos Domingo stated the facility takes "another step toward a financial system where institutional investors can access liquidity when they need it, not just when traditional markets are open."
Key facts
- The facility opened with $25 million in USDC and $25 million in BUIDL, with capacity expandable to $100 million.
- Securitize operates the liquidity facility and Ethena backs it.
- The facility allows round-the-clock swaps between BlackRock's tokenized fund and stablecoins, including on weekends.
Source excerpt · Unchained
The pool opens with $50 million for weekend and after-hours swaps between BUIDL and USDC, and a matching $50 million can be added within an hour. The post Securitize and Ethena Open 24/7 BlackRock BUIDL Liquidity Facility With $50 Million Funded appeared first on Unchained .