Securitize and Ethena launched a $100 million BlackRock BUIDL all-weather liquidity tool

According to The Block, Securitize and Ethena Labs have launched a $100 million BlackRock tokenized fund BUIDL all-weather liquidity tool, allowing eligible investors to exchange BUIDL shares for supported stablecoins like USDC outside of traditional market trading hours.

The tool launched with an initial liquidity of $50 million, split evenly between BUIDL and USDC, and once the liquidity is used, an additional $50 million can be replenished within an hour.