$100M BlackRock BUIDL Liquidity Tool Launched by Securitize and Ethena Is Now Live

Nov. 12 — According to The Block, Securitize and Ethena Labs have launched a $100 million, round-the-clock (24/7) liquidity tool for BlackRock's BUIDL. The tool allows eligible investors to redeem shares of the tokenized fund for supported stablecoins (including USDC) outside traditional market trading hours. The liquidity tool launched with an initial $50 million of liquidity, split evenly between BUIDL and USDC; as that liquidity is used, another $50 million can be replenished within one hour.