Blackrock Buidl Fund $ 1B AS Ethena Mints 200m dollars

Blackkrok tokenized Treasury Fund in America, Buidl, has surpassed $ 1 billion under management after allocation of $ 200 million from Ethene.

Data from RVA.ksiz show that the total asset of the Blackrock Buidl Fund has grown 57% in the last month after Ethen (Ena) Allocation of $ 200 million at 13. Marta. The Fund that is included in partnership with securitization reveals investors in cash, buying agreements and US cash registers.

Buidl was first developed at Ethereum (El) But since then expanded to aptos (Preference), Arbitrum (Bow), Avalanche (Avaq) and optimism (Wash) Using the wormhole (YouSea bridge. Its tokenized funds are managed by ingredients such as hydromage digital, beft and fire blocks, while cash and securities are managed by Mellon.

In December last year, Ethena discovered USTB, Stablecoin intended to supplement Ethena in the right (In the right), its synthetic currency. He mainly supported Buidl, USDTB quickly increased in supply. Because USDTB produces a yield, unlike conventional stablecoins, received a commercial investment requesting for passive income.

In addition to Blackrock and Ethen, more companies join the tokenized trend of the Treasury. Ondo (Indicate) Finance products and USD products have increased in the amount of 53% in the past month, approaching the valuation in the combined billion dollars. At the same time, the main premiere brokers such as Falcona are now accepting tokenized treasures, including Buidl, as security for trading with use.

This change reflects an increase in institutional confidence in financial products based on BlockCain technology. According to RVA.XIZ dataThe total tokenized treasury market increased quickly, reached $ 4.4 billion of property from 14. Marta. In the last year, the industry has expanded quadruple, and demand increasing after American elections in November.

Analysts suggest that instead of not returning stablecoins, investors are increasingly moving towards the direct exposure of the vault to access the yield, which currently stands in an average of 4.28%.