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BlackRock’s sBUIDL Breaks Into DeFi via Euler on Avalanche—Wall Street Finally Plays with Crypto Legos
BlackRock’s sBUIDL Breaks Into DeFi via Euler on Avalanche—Wall Street Finally Plays with Crypto Legos
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BlackRock’s tokenized fund protocol sBUIDL just took its first step into decentralized finance—deploying on Euler’s lending platform via Avalanche. The move signals institutional DeFi adoption is accelerating, even if Wall Street still doesn’t quite get the ’decentralized’ part.
Why it matters: When the world’s largest asset manager starts stacking DeFi primitives like money Legos, it’s no longer a sandbox—it’s a construction site. Avalanche’s institutional-friendly subnet architecture likely sealed the deal.
The fine print: Euler’s risk-adjusted lending pools offer BlackRock a compliant on-ramp, but purists will note the irony—a $10T custodian building on a protocol named after the OG decentralized mathematician.
BlackRock, the world’s largest asset manager, has made its first direct move into decentralized finance. Its $3 billion tokenized Treasury fund, called BUIDL, is now integrated with the Euler protocol on the Avalanche blockchain. This is a huge... Read More
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