BlackRock BUIDL Tokenized Fund Enables Instant Stablecoin Redemptions
BlockBeats News, May 14th, BlackRock's $22 billion BUIDL tokenization fund and Janus Henderson's $11 billion tokenized government bond fund can now achieve instant stablecoin redemptions through Grove's newly launched $1 billion Basin liquidity facility. When investors request redemption, the system will immediately pay out in stablecoins, while traditional settlement still occurs in the background, thus addressing a long-standing pain point of redemption delays in the tokenized government bond market. Partners for this instant stablecoin redemption feature include Securitize, Centrifuge, Anchorage, Galaxy, and FalconX, among others.
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