BlackRock Invests in DeFi with $3 Billion BUIDL Fund Integration

BlackRock’s investment arm, the BUIDL fund, has taken a significant leap into decentralized finance (DeFi) by partnering with Euler on the Avalanche blockchain. This integration marks a pivotal moment for both traditional and decentralized financial systems as it bridges the gap between them. The BUIDL fund, exceeding $3 billion in assets under management (AUM), is now utilizing Euler’s platform to offer regulated on-chain exposure to treasury yields, increasing investor confidence and potentially shaping the future of financial instruments within blockchain ecosystems.