ChainCatcher reported on November 12, 2026, at 22:02:33 UTC+08:00, citing The Block, that Securitize and Ethena Labs had launched a $100 million, around-the-clock liquidity tool for BlackRock’s tokenized fund BUIDL. It allows eligible investors to exchange BUIDL shares for supported stablecoins, including USDC, outside traditional market trading hours.
The tool launched with $50 million in initial liquidity, split equally between BUIDL and USDC. Once that liquidity is used, a further $50 million can be replenished within one hour, according to the report.
The distinction is between the BUIDL fund shares being exchanged and USDC, a stablecoin investors can receive. The report describes an exchange facility for eligible investors; it does not say that holding BUIDL grants access to every stablecoin or removes eligibility requirements.