BlackRock BUIDL Tokenized Fund Achieves Instant Stablecoin Redemption, Solving the Delay Issue

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ME News Report, May 14 (UTC+8), BlackRock’s $2.2 billion BUIDL tokenization fund and Janus Henderson’s $1.1 billion tokenized government bond fund can now be instantly redeemed for stablecoins through Grove’s newly launched $1 billion Basin liquidity facility. When investors request a redemption, the system immediately pays with stablecoins, while traditional settlement continues in the background, solving the long-standing redemption delay issue in the tokenized government bond market. Partners for this instant stablecoin redemption feature include Securitize, Centrifuge, Anchorage, Galaxy, and FalconX. (Source: BlockBeats)

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