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Securitize and Ethena Labs integration marks a major shift in the way DeFi liquidity is accessed and used.
The collaboration now enables atomic 24/7 transfers between BlackRock’s tokenized fund BUIDL and Ethena’s USDtb. This means users can move between assets instantly, boosting on-chain flexibility and real-time financial agility. It also highlights growing institutional trust in tokenized finance and stablecoin-backed instruments.
The update comes just months after the two firms launched Converge, a dedicated EVM chain for tokenized assets. By letting users swap between BUIDL and USDtb at any time, DeFi now gains always-on access to real-world assets. This creates a stronger bridge between traditional finance and decentralized ecosystems. BlackRock’s BUIDL is the largest on-chain Treasury fund, now managing nearly $2.88 billion. That makes it a huge liquidity source for USDtb, which uses BUIDL for 90% of its backing.
Always-on liquidity is a game changer for DeFi
This Securitize and Ethena Labs integration also serves qualified institutions, not just retail DeFi users. Through Securitize, vetted participants can permissionlessly convert BUIDL into USDtb around the clock. That improves how institutions manage digital assets and explore yield-bearing strategies on-chain. It also opens up broader use cases for stablecoins that are actually backed by liquid, transparent assets.
Ethena Labs’ USDtb stands apart from its experimental sibling USDe by offering a lower-risk profile. Launched in December 2024, USDtb is fully collateralized and closely tied to the performance of BUIDL. It currently has a market cap of $114 million and a fully diluted value of $1.46 billion. That reflects growing confidence in hybrid DeFi models anchored by tokenized Treasuries. The integration gives users more control, faster access, and stronger asset security.
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Securitize and Ethena Labs integration reshapes institutional DeFi
This move demonstrates how partnerships between TradFi and crypto-native platforms are deepening. Institutions like BlackRock are taking DeFi seriously, and developers are building rails to support that shift. Converge, the chain launched in March, is a strong signal of what’s to come in regulated tokenization. Meanwhile, DeFi users get access to more predictable, well-backed assets without sacrificing speed or decentralization. As Securitize posted on X, this change enhances how both institutions and individuals can use on-chain dollars.
The Securitize and Ethena Labs integration is more than a tech upgrade—it’s a statement about the future of money. Real-time swaps, stable yields, and trusted partners bring us closer to financial systems that never close. And in crypto, that’s a huge leap forward.
