Ethena’s $200M Allocation Pushes BlackRock’s Tokenized Fund BUIDL Past $1B

Securitize announced that BlackRock’s BUIDL token, in collaboration with them and backed by U.S. Treasuries, has surpassed $1 billion in assets. The fund received a significant boost today with a $200 million investment from crypto protocol Ethena, according to a Securitize spokesperson. Data from Arkham Intelligence on the Ethereum blockchain shows that $200 million worth of BUIDL tokens were minted by an entity at 18:47 UTC on Thursday.

Gabor Szathmari
Gabor Szathmari

Gabor Szathmari is a cybersecurity expert with over ten years experience, having worked in both private and public sectors. He has helped numerous big-name clients with data breach investigations and security incident management. In his professional life, Gabor helps businesses, including many small and mid-size legal practices improve their cybersecurity. He is also the president of CryptoAUSTRALIA, the leading authority promoting a society where all Australians can learn to defend their privacy.

Articles: 114

RECOMMENDED

Trending Now

How to Protect Your Legal Practice from Payment Redirection Fraud
ETH/BTC Reaches 5-Year Low: Is BTC Bull Token the Top Crypto Investment Today?
US Bitcoin ETFs End Outflow Streak with $13.3 Million Inflow
Low Fees Indicate Underlying Issues