TechFlow, May 16 — According to The Block, BlackRock's nearly $3 billion tokenized government bond fund has achieved its "first direct decentralized finance protocol integration" with Euler on the Avalanche blockchain. The integration is built on Securitize's sToken framework and was developed and implemented by Re7 Labs.
This integration will allow users to use sBUIDL as collateral to borrow on Euler. Users borrowing USDC or AUSD will receive AVAX rewards while also earning underlying yields generated by the BUIDL fund. Notably, BUIDL is the world's largest tokenized treasury fund, investing in short-term U.S. Treasury securities and repurchase agreements, while sBUIDL is a fully redeemable ERC-20 token.
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