BlackRock Integrates Tokenized Fund BUIDL with Euler Finance
- BlackRock’s tokenized fund BUIDL is integrated with Euler Finance.
- BUIDL has over $3 billion in assets under management.
- The integration marks BlackRock’s first DeFi venture.
- sBUIDL tokens can be used as collateral within the DeFi protocol.
- Securitize aims to unlock institutional liquidity for DeFi through this initiative.
- Further integrations with Avalanche ecosystem projects are anticipated.
The integration of BlackRock’s BUIDL fund, which manages over $3 billion, into Euler Finance allows sBUIDL tokens to be used as collateral, marking a significant step in merging traditional finance with decentralized finance (DeFi).
Source (2.6)https://hodl.press/blackrocks-tokenized-fund-joins-forces-with-euler-finance/?rand=24434
