Crypto

Securitize and Ethena open $100 million facility for BlackRock fund

Securitize and Ethena have opened a $100 million liquidity facility tied to BlackRock's BUIDL fund, with $50 million funded at launch. The facility runs around the clock, so it is not limited to business hours.

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Securitize and Ethena have opened a liquidity facility worth up to $100 million for BlackRock's BUIDL fund. A liquidity facility is an arrangement that makes cash or assets available quickly when they are needed.

When the facility opened, $50 million of the $100 million was funded. That leaves half of the total capacity available beyond the amount already in place.

In numbers

24/7Operating schedule

The facility is set to run 24 hours a day, seven days a week. Its round-the-clock schedule means it does not stop when conventional markets close for the day.

Facility funding at launch

Funded at launch: 50 million $ Not funded at launch: 50 million $

Figures as stated by Securitize and Ethena.

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