Exciting! BlackRock's 'On-chain National Bonds' enters DeFi, Wall Street funds officially join the game!

BlackRock takes action, DeFi earthquake! Securitize launches sBUIDL, an 'on-chain national bond token' that can be directly used in the DeFi world, backed by the BUIDL fund issued by BlackRock. This marks not only the first large-scale entry of institutions into DeFi but also a critical moment for real-world assets (RWA) to officially take the stage on-chain.

Here comes the key point:

sBUIDL is a token issued on the Avalanche chain, which has been accepted as collateral by the lending protocol Euler with a loan-to-value ratio as high as 92.5%. In other words, if you hold this type of 'on-chain national bond', you can not only continue to earn interest but also borrow stablecoins like USDC, USDT, and AUSD with a single click. Don't forget, there's also AVAX mining rewards to boost!

Why is it explosive?

sBUIDL can be exchanged 1:1 for the original national bond fund, retaining all yields, but can freely roam and combine in the on-chain world, truly integrating the 'safety of traditional finance' with the 'efficiency of DeFi', maximizing capital efficiency.

This is not only a big win for Avalanche but may also be the starting point of the RWA craze. A trend is unfolding: traditional giants are no longer bystanders, but are starting to personally engage in 'chain reform', and DeFi may welcome its own 'institutional wave'.

Next, who will be the next giant to launch on-chain national bonds? This 'on-chain war' has just begun!