Securitize and Ethena Labs have launched a liquidity facility for BlackRock’s BUIDL fund with a total capacity of $100 million. The initiative allows eligible institutional investors to swap BUIDL shares for stablecoins, including USDC, on a 24-hour basis.
The facility operates with an initial liquidity pool of $50 million, divided equally between BUIDL and USDC. An additional $50 million is held in reserve and can be accessed within one hour as the primary pool is utilized.
Securitize acts as the regulated transfer agent for the fund. The company currently manages over $4 billion in tokenized assets and is listed on the NYSE under the ticker SECZ.
This launch follows a strategic partnership established in June 2026, which integrated Ethena’s digital products into BlackRock’s Aladdin risk-management system. Previously, in 2025, the companies enabled atomic swaps between BUIDL and Ethena’s stablecoin, USDtb.
BlackRock introduced BUIDL in March 2024 with a net asset value of $1.00 per share. The fund is designed for institutional investors, and the new liquidity mechanism aims to provide them with continuous access to capital outside traditional market hours.
