Securitize and Ethena Labs have launched a $100 million liquidity facility allowing eligible investors to exchange their shares of the tokenized BUIDL fund for supported stablecoins, including USDC, 24 hours a day. The facility opens with $50 million in liquidity, split evenly between BUIDL and USDC, while another $50 million tranche becomes available within an hour as the first is used. Securitize acts as the regulated transfer agent and operates the mechanism as part of a broader strategic partnership established with BlackRock in June 2026. The offering strengthens continuous liquidity for BUIDL, which launched in March 2024 and serves as the primary backing asset for Ethena’s USDtb. It is limited to eligible investors, and very large redemptions remain subject to the fund’s standard processes.
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