BlackRock's BUIDL Tokenized Fund Enables Instant Stablecoin Redemption, Resolving Delays

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On May 14, BlackRock’s $2.2 billion BUIDL tokenized fund, along with Janus Henderson’s $1.1 billion tokenized government bond fund, can now achieve instant stablecoin redemptions through Grove’s newly launched $1 billion Basin liquidity facility. When investors request a redemption, the system will immediately pay out in stablecoins, while traditional settlement continues in the background, addressing the long-standing issue of redemption delays in the tokenized government bond market. Partners for this instant stablecoin redemption feature include Securitize, Centrifuge, Anchorage, Galaxy, and FalconX.

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