BlackRock and Ethena Labs Deepen Partnership: USDe Gains Access to $25 Trillion Aladdin Platform, $100M Liquidity for Tokenized Treasury Fund BUIDL
BlackRock and Ethena Labs have expanded their partnership, with the algorithmic stablecoin USDe becoming a recognized crypto asset on BlackRock's Aladdin platform, which oversees $25 trillion in assets. Through tokenization platform Securitize, the duo is providing $100 million in liquidity arrangements for BlackRock's BUIDL tokenized treasury fund, enabling qualified clients to swap BUIDL for stablecoins like USDC and USDtb outside regular trading hours. This marks a significant step in integrating decentralized stablecoins into traditional institutional infrastructure. BUIDL, launched on Ethereum in 2024, is one of the largest tokenized U.S. Treasury funds with approximately $3 billion in TVL.


