BlackRock’s Tokenized U.S. Treasuries Hit $1B Milestone with Ethena’s $200M Boost

BlackRock’s tokenized U.S. Treasury fund, BUIDL, has surpassed $1 billion in assets, driven by a $200 million allocation from crypto protocol Ethena, according to Securitize. Ethereum blockchain data from Arkham Intelligence confirmed a $200 million BUIDL minting at 18:47 UTC on Thursday.

BUIDL, issued in partnership with Securitize, represents a major step in the tokenization of traditional financial instruments, allowing for faster settlements and improved efficiency. Crypto firms and institutional players are rapidly embracing tokenized assets, with U.S. Treasuries leading the charge.

The fund plays a crucial role in yield-generating strategies and serves as collateral for various trading platforms. Ethena’s USDtb token, backed by USDC, USDT, and BUIDL, now has a $540 million supply, with $320 million in BUIDL reserves.

Ethena founder Guy Young emphasized the firm’s confidence in tokenized assets, stating they are poised to reshape modern financial infrastructure. As institutional adoption grows, blockchain-based assets like BUIDL are becoming key components of decentralized finance and traditional financial markets alike.