BlackRock's BUIDL Token Surpasses $1 Billion in Assets

# BlackRock's BUIDL Token Surpasses $1 Billion Mark Global asset management giant BlackRock's BUIDL token, backed by U.S. Treasury bonds, has crossed the $1 billion (approximately 1.45 trillion KRW) asset threshold, according to a report by CoinDesk on the 13th. The token was issued in collaboration with securitization platform Securitize, and saw a significant asset increase following a $200 million investment by cryptocurrency protocol Ethena. A Securitize spokesperson, in an interview with CoinDesk, stated, "Ethena issued $200 million worth of BUIDL tokens on Thursday afternoon." According to Ethereum blockchain data from Arkham Intelligence, the issuance took place at 6:47 PM UTC on Thursday. # Application of BUIDL Tokens BUIDL tokens serve several pivotal roles: they are used as collateral on trading platforms, are a core asset for yield-generating products, and play an important role in the tokenization process of traditional financial products. Notably, they are utilized as a principal reserve asset for Ethena’s yield-generating token, USDtb. USDtb is backed by stablecoins USDC and USDT, as well as approximately $320 million worth of BUIDL tokens, with a current supply amounting to $540 million. # Trust in Tokenized Assets Ethena’s founder, Guy Young, commented, "The expansion of USDtb’s BUIDL investments reflects a deep trust in the value of tokenized assets, and a conviction that these assets will continue to play a vital role in the modern financial infrastructure." # Growing Interest in Tokenized U.S. Treasuries Tokenized U.S. Treasuries are garnering attention as digital asset firms and global financial conglomerates compete to bring traditional financial products like bonds, private loans, and funds onto the blockchain. This move aims to achieve faster settlement and enhanced operational efficiency.