BlackRock Aladdin collaborates with Ethena to expand BUIDL stablecoin and RWA interoperability Odaily Planet Daily News: BlackRock and Ethena Labs have announced a partnership to provide institutional investors with deeper access to Ethena related products on their Aladdin platform, and to enhance the liquidity and interoperability of their tokenized dollar tools, including BUIDL. According to the agreement, Ethena will support a $100 million liquidity mechanism through Securitize for use under BlackRock USD Institutional Digital Liquidity Fund（BUIDL）。 This mechanism allows eligible customers to exchange between BUIDL and USDC, USDtb, and other supported stablecoins, and can achieve bidirectional conversion during non trading hours. Robert Mitchnick, head of BlackRock Digital Assets, said that the liquidity arrangement will improve the frictionless interoperability of token treasury bond bond funds and further release the structural advantages of treasury bond bond products on the chain. As an Ethereum token based US bond fund launched in 2024, BUIDL currently has a management scale of about US $3 billion, and is one of the largest token based treasury bond bond products in the world. This cooperation further strengthens BlackRock's layout in the fields of real-world assets (RWA) and digital dollar infrastructure. （The Block）