Securitize and Ethena's BUIDL Liquidity Facility Launches

On November 12, according to The Block, the BUIDL liquidity facility co-developed by Securitize and Ethena has officially launched. Utilizing USDC as the settlement asset, it enables institutions to access USD liquidity while holding tokenized USD assets.

The facility was announced earlier this June: BlackRock integrated Ethena’s USDe into its Aladdin investment management platform, which oversees approximately $25 trillion in assets, while Ethena provided $100 million in liquidity support for BlackRock’s BUIDL fund. Ethena had previously allocated around $200 million to BUIDL, driving the fund’s scale beyond $1 billion.

BUIDL refers to the BlackRock U.S. Dollar Institutional Digital Liquidity Fund, tokenized by Securitize. It is one of the largest tokenized Treasury-backed funds, deployed across multiple blockchains including Ethereum, Solana, BNB Chain, and Aptos, and accepted as collateral on platforms such as Crypto.com and Deribit.