BlockBeats news: On May 14, BlackRock’s $2.2 billion BUIDL tokenized fund and Janus Henderson’s $1.1 billion tokenized Treasury fund are now accessible for instant stablecoin redemptions through Grove’s newly launched $1 billion Basin liquidity facility. When investors request redemptions, the system immediately pays out in stablecoins, while traditional settlement continues in the background—addressing the long-standing issue of redemption delays in the tokenized Treasury market. Partners for this instant stablecoin redemption feature include Securitize, Centrifuge, Anchorage, Galaxy, and FalconX.
BlackRock’s $2.2B BUIDL Tokenized Fund Offers Instant Stablecoin Redemption
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Summary
On-chain news: BlackRock’s $2.2B BUIDL tokenized fund now enables instant stablecoin redemptions through Grove’s $1B Basin liquidity facility. Investors receive stablecoin payments immediately, while traditional settlements continue in the background. Market news: This feature, supported by Securitize, Centrifuge, Anchorage, Galaxy, and FalconX, addresses a key challenge in the tokenized U.S. Treasury market.
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