BlackRock BUIDL launches $100M 24/7 liquidity facility with Securitize and Ethena
Securitize and Ethena said they have launched a $100 million 24/7 liquidity facility for BlackRock’s BUIDL, giving eligible investors a way to exchange the tokenized fund for supported stablecoins, including USDC, outside traditional market hours.
The companies said the facility is supported by Ethena and operated through Securitize. It is designed to let eligible holders move between BUIDL and supported stablecoins at any time, including weekends, when conventional market plumbing is typically closed.
How the facility is funded at launch
According to the announcement, the facility opens with $50 million in initial liquidity, split between $25 million in USDC and $25 million in BUIDL. As that capacity is used, another $50 million can be made available within an hour, bringing the total ceiling to $100 million.
The companies said the structure is meant to provide continuous access to liquidity for eligible investors holding BUIDL, which is BlackRock’s USD Institutional Digital Liquidity Fund. The launch also builds on the firms’ existing work around BUIDL and Ethena’s USDtb product, which is backed primarily by BUIDL.
In a statement included with the launch, Securitize CEO Carlos Domingo said tokenization is “about more than putting assets onchain” and described the facility as another step toward a system where institutional investors can access liquidity when they need it rather than only when traditional markets are open.
The facility is limited to eligible investors, so it is not a general retail product. The announcement frames the service as a practical liquidity bridge for tokenized fund holders, rather than a broader change to the fund’s structure.
