BlackRock has introduced instant stablecoin redemptions for its $2.2 billion BUIDL tokenized fund, alongside Janus Henderson's $1.1 billion tokenized Treasury fund. This new feature is facilitated by Grove's $1 billion Basin liquidity facility, allowing investors to receive stablecoins immediately upon redemption requests. Traditional settlement processes continue in the background, effectively addressing delays in the tokenized Treasury market. Key partners in this initiative include Securitize, Centrifuge, Anchorage, Galaxy, and FalconX.
BlackRock's $2.2B Tokenized Fund Enables Instant Stablecoin Redemptions
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