BlackRock’s BUIDL Fund has surpassed $1 billion in assets under management thanks to a $200 million injection from Ethena.
Major Milestone for Tokenization of Traditional Assets
The BlackRock BUIDL Fund, developed in collaboration with Securitize and backed by US Treasury bonds, has reached the symbolic milestone of $1 billion in assets under management. This progress has been accelerated by a $200 million injection from the crypto protocol Ethena, further solidifying its commitment to tokenized finance.
BUIDL: A Pillar of New Yield Solutions
As a key reserve asset, BUIDL plays a central role in the yield strategies of decentralized protocols and is gradually finding its place as collateral on multiple trading platforms. Its increasing adoption reflects the accelerated integration of traditional financial instruments within the blockchain ecosystem.
Ethena’s initiative exemplifies this trend. Its yield-generating stablecoin, USDtb, is now backed by a reserve of $540 million, combining USDC and USDT stablecoins as well as $320 million in BUIDL tokens.
Traditional Finance Migrates to the Blockchain
Tokens backed by US Treasury bonds are becoming a cornerstone of the tokenization movement, driven by major financial institutions seeking to optimize settlements and operational processes. BlackRock and its partners aim to integrate instruments such as bonds, private credit, and funds into digital infrastructures, thereby enhancing their accessibility and liquidity.
Guy Young, founder of Ethena, highlights this transition:
Increasing USDtb’s exposure to BUIDL reflects our strong belief in the value of tokenized assets and their role in modern financial infrastructure.
Accelerated Adoption
The success of BUIDL and its increasing integration into yield strategies and trading platforms mark a new milestone in the convergence of traditional finance and crypto. With funds like BlackRock’s leading the way, the tokenization of real assets emerges as a major driver of transformation in financial markets.
