BlackRock Aladdin and Ethena Collaborate to Expand BUIDL Stablecoin and RWA Interoperability

Odaily Planet Daily News: BlackRock and Ethena Labs have announced a partnership to provide institutional investors with deeper access to Ethena-related products on its Aladdin platform, while enhancing the liquidity and interoperability of its tokenized dollar instruments, including BUIDL.

Under the agreement, Ethena will support a $100 million liquidity facility for BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) via Securitize. This facility allows eligible clients to exchange between BUIDL, USDC, USDtb, and other supported stablecoins, enabling two-way conversions even outside of regular trading hours.

Robert Mitchnick, Head of Digital Assets at BlackRock, stated that this liquidity arrangement will enhance the frictionless interoperability of tokenized treasury funds, further unlocking the structural advantages of on-chain treasury products. Launched in 2024, BUIDL is an Ethereum-based tokenized U.S. Treasury fund with a current AUM of approximately $3 billion, making it one of the largest tokenized treasury products globally. This collaboration further strengthens BlackRock's positioning in the real-world assets (RWA) and digital dollar infrastructure space. (The Block)