Buidl Token by Global Asset Manager Blackrock, issued in Securitize association and backed by the United States Treasury, crossed the milestone of $ 1 billion in assets on Thursday, said Securitize.
Pushing the bottom of the bottom above the threshold there was an allocation of $ 200 million this afternoon for the cryptohenena Ethena protocol, said Securitize spokesman for Coindesk. Ethereum block chain data by Arkham Intelligence shows an entity that coined $ 200 million in Buidl tokens on Thursday 18:47 UTC.
The cryptographic tokens backed by the United States Treasury bonds are at the forefront of tokenization efforts, since digital asset companies and global financial weights run to put traditional instruments such as bonds, private credit and funds on blockchain rails, with the aim of achieving faster settlements and operational efficiencies.
Buidl serves as a construction block for multiple performance generation offers, and is increasingly used as a guarantee on trade platforms. It is a key reserve asset for the USDTB token Ethena performance generator, which now has a supply of $ 540 million. The USDTB value is backed by USDC and USDT Stablecoins and about $ 320 million in Buidl tokens.
“Ethena’s decision to climb USDTB investment in Buidl reflects our deep conviction in the value of tokenized assets and the important role they will continue to play in modern financial infrastructure,” said Guy Young, founder of Ethena.
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