sBUIDL, BlackRock’s tokenized treasury fund, explained
sBUIDL can be used as collateral, traded or deployed in DeFi protocols while maintaining exposure to yield from underlying Treasurys.
SBUIDL is BlackRock’s first tokenized fund with native decentralized finance (DeFi) capabilities.
SBUIDL is the DeFi-compatible version of BlackRock’s $1.7-billion tokenized money market fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). BlackRock’s sBUIDL fund is more than just a digitized version of a treasury; it’s a glimpse into a future where traditional finance flows through decentralized pipes.
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