Securitize and Ethena’s BUIDL liquidity facility went live, with USDC as its settlement asset, according to a November 12, 2026 report by DeepTide TechFlow citing The Block. The facility is intended to give institutions access to dollar liquidity while they hold tokenized dollar assets.
The facility was announced in June 2026. At the time, BlackRock integrated Ethena’s USDe into Aladdin, its investment-management platform overseeing approximately $25 trillion, while Ethena committed $100 million in liquidity support for BlackRock’s BUIDL fund. TechFlow also reported that Ethena had previously allocated about $200 million to BUIDL, helping the fund surpass $1 billion in size.
BUIDL, the BlackRock USD Institutional Digital Liquidity Fund, is tokenized by Securitize. It has been deployed on Ethereum, Solana, BNB Chain and Aptos, among other networks, and is accepted as collateral by platforms including Crypto.com and Deribit. Those integrations show where the fund can be used; the report does not provide a measure of ongoing usage or retention.
Original report: DeepTide TechFlow, published November 12, 2026, at 22:01 UTC+8.