Securitize proposes BlackRock’s BUIDL as collateral for FRAX stablecoin

Description

Securitize, the real-world asset tokenization platform behind BlackRock’s BUIDL fund, is seeking Frax Finance community approval to adopt the tokenized US treasuries fund as collateral for the Frax USD stablecoin. Frax Finance announced on Monday that Securitize had submitted a proposal looking to integrate BUIDL with the frxUSD stablecoin. Securitize partnered with BlackRock to launch BUIDL earlier this year , with the tokenized short-term US Treasury bills fund growing into a $530 million asse...