Blackrock’s Buidl Fund Tops $ 1b with Ethena’s $ 200m Allocation

Crypto tokens Backed by US Treasuries Are at the Forefront of Tokenization Efforts, As Digital Asset Firms and Global Financial Heavyweights Race to Put Tradio. and Funds on Blockchain Rails, Aiming to Achiev Faster Settlements and Operational Efficiency.

Buidl Serves As A Building Block for Multiple YIELD-GENERATING OFFERS, AND IS INCREASINGly USED AS COLLATERAL ON Trading Platforms. IT’s A Key Reserve Asset for Ethena’s YIELD-GENERATING USDTB TOKEN, WHICH NOW HAS A $ 540 Million Supple. USDTB’s Value is Backed by USDC and USDT Stablecoins and Some 320 Million Wrth of Buidl Tokens.

“Ethena’s Decision to Scale USDTB’s Investment in Buidl Reflects Our Deep CONVICATION IN THE VALUE OF TOCENIZED Assets and the Significant ROLETASTINU Guy Young, Founder of Ethena.

Read More: Tokenized Treasuries Hit Record $ 4.2b Market Cap As Crypto Correction Fuels Growth

Krisztian SandorKrisztian Sandor is a US Markets Reporter Focussing on Stablecoins, Tokenization, Real-World Assets. He Graduated from New York University Business and Economic Reporting Program Before Joinger. HE HOLDS BTC, SOL AND ETH.

X Icon