A $100 million facility for eligible investors in BlackRock USD Institutional Digital Liquidity Fund (BUIDL) offers a way to exchange holdings for stablecoins beyond regular market hours, including weekends.
Securitize announced the facility Nov. 12. Securitize operates the $100 million arrangement with backing from Ethena. USDC is among the supported options for investors who qualify to hold BUIDL.
A previous plan to broaden BUIDL's platform access concerned where the fund could be used; that EconoTimes coverage said transfers remained limited to recipients approved in advance. The new facility adds an off-hours conversion option for eligible investors.
