The BUIDL manager of the BlackRock World Active Manager, issued in the secure partnership and supported by US Treasury Bonnes, crossed the milestone of $ 1 billion in assets on Thursday, the security said.
The size of the fund size above the threshold was an allowance of $ 200 million this afternoon by Cryptocol Ethena, a security spokesperson told Coindesk. The data of Ethereum Blockchain by Arkham Intelligence show an entity that strikes $ 200 million in Buidl tokens at Thursday 18:47 UTC.
Cryptographic tokens supported by US Treasury bills are the forefront of tokenization efforts, as digital asset companies and global financial breed to put traditional instruments such as bonds, private credit and blockchain rails, aimed at reaching faster regulations and operational efficrences.
BUIDL serves as a construction block for several performance generating offers, and it is increasingly used as a guarantee on trading platforms. It is a key reserve asset for the USDTB token generating Ethena yields, which now has an offer of $ 540 million. The value of the USDTB is supported by USDC and USDT Stablecoins and some $ 320 million in Buidl tokens.
“Ethena’s decision to scale up USDTB’s 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.
Read more: Tokenized treasury bills reach a record of $ 4.2 billion in market capitalization while the correction of cryptography fuels growth
