BlackRock’s tokenized fund gets a $100M liquidity facility for 24/7 swaps

A round-the-clock $100 million liquidity facility enabling qualified institutional investors to swap shares of the BlackRock digital liquidity fund, known as BUIDL, for stablecoins has been rolled out by Securitize and Ethena Labs. The service includes USDC and gives holders access outside traditional market hours. Key takeaways BUIDL holders who qualify can access stablecoin swaps 24/7. The facility combines $50 million in starting liquidity with a $50 million reserve. Securitize handles operations as the regulated transfer agent. Ethena’s USDtb stablecoin is already backed primarily by BUIDL. The facility went live on November 12, 2026, following its initial announcement in June. It extends an existing relationship between Securitize and Ethena, whose earlier work connected BUIDL with Ethena’s USDtb stablecoin through round-the-clock atomic swaps.

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