Securitize and Ethena Launch $100M Liquidity Facility for BUIDL

Securitize Corp., the leader in tokenized assets, and Ethena Labs announced the launch of a $100 million 24/7 liquidity facility¹ for BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL). The facility, supported by Ethena and operated through Securitize, enables eligible investors to exchange BUIDL for supported stablecoins, including USDC, or convert those stablecoins back into BUIDL, outside traditional market hours.

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The launch delivers on the previously announced liquidity facility framework unveiled in June as part of an expanded collaboration between Ethena and BlackRock.

While tokenized assets can move on blockchain networks around the clock, liquidity in traditional financial markets remains constrained by banking hours and settlement infrastructure. The new facility is designed to help bridge that gap, allowing eligible investors to access liquidity over weekends without waiting for traditional markets to reopen.

“Tokenization is about more than putting assets onchain. It’s about making those assets more useful,” said Carlos Domingo, Co-Founder and CEO of Securitize. “With this facility now live, we’re taking another step toward a financial system where institutional investors can access liquidity when they need it, not just when traditional markets are open. That’s the infrastructure we believe will help bring more of the world’s assets onchain.”

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“Digital assets operate around the clock, and institutional liquidity needs to keep pace,” said Guy Young, Founder of Ethena Labs. “By bringing this facility online with Securitize, we’re helping close the gap between traditional market hours and the always-on nature of blockchain markets. It’s another important step in making tokenized assets more useful for institutional participants.”

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The facility launches with $50 million in initial liquidity, comprising $25 million in USDC and $25 million in BUIDL. As liquidity is utilized, an additional $50 million can be made available within an hour, bringing the facility’s total capacity to $100 million. This replenishment mechanism is designed to provide continuous access to liquidity² as eligible investors exchange between BUIDL and stablecoins outside traditional market hours.

The launch builds on Securitize and Ethena’s existing collaboration around BUIDL and USDtb, Ethena’s digital dollar product backed primarily by BUIDL. Together, the companies are expanding the infrastructure connecting institutional tokenized financial products with onchain dollar liquidity.