- BlackRock‘s BUIDL token, backed by U.S. Treasuries, has surpassed $1 billion in assets after a $200 million allocation from Ethena.
- Tokenized U.S. Treasuries are leading blockchain innovation as traditional financial institutions seek faster settlements and operational efficiencies.
- BUIDL serves as a key reserve asset for Ethena’s USDtb token, now with a $540 million supply backed partially by $320 million worth of BUIDL tokens.
BlackRock’s Treasury-backed BUIDL token has crossed the $1 billion threshold in total assets, according to an announcement from Securitize on Thursday. The milestone came after crypto protocol Ethena allocated $200 million to the fund, pushing it past the billion-dollar mark.
Blockchain data from Arkham Intelligence confirmed the substantial transaction, showing an entity minting $200 million worth of BUIDL tokens at 18:47 UTC on Thursday. The BlackRock token, issued through a partnership with Securitize, represents assets backed by U.S. Treasuries.
Tokenized Treasury instruments have emerged as frontrunners in the broader tokenization movement, where both crypto firms and traditional financial giants are racing to migrate conventional financial instruments onto blockchain networks. The primary goals driving this transition include achieving faster settlement times and operational improvements.
The BUIDL token has established itself as a fundamental component for various yield-generating financial products in the crypto ecosystem, while also gaining traction as collateral on digital trading platforms. It serves as a critical reserve asset for Ethena’s USDtb token, which has now reached a $540 million supply. USDtb’s value is backed by a combination of USDC and USDT stablecoins alongside approximately $320 million in BUIDL tokens.
“Ethena’s decision to scale USDtb’s investment in BUIDL reflects our deep conviction in the value of tokenized assets and the significant role they will continue to play in modern financial infrastructure,” said Guy Young, founder of Ethena.
The growth of BlackRock’s tokenized Treasury product comes amid increasing institutional adoption of blockchain-based financial instruments, as traditional finance continues its cautious but steady integration with digital asset infrastructure.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- CME Readies Solana Futures Launch, Paving Way for US Spot ETFs
- New “Cost Per Wallet Addressable” Metric Gains Traction in Crypto Marketing
- Report Raises Questions About Bitfinex’s Control Over El Salvador’s Bitcoin Reserves
- Senate Banking Committee Advances Stablecoin GENIUS Act with Bipartisan Support
- Bitcoin DeFi Gains Momentum, Only 0.8% of Supply Currently Being Used
