BlackRock's tokenized Treasury fund BUIDL goes live on Tempo, Stripe's payments blockchain, enabling on-chain yield on stablecoin balances.
Tech & Launches ·
BlackRock's tokenized Treasury fund BUIDL has launched on Tempo, the payments-focused blockchain developed by Stripe and Paradigm. The deployment allows eligible participants to convert idle stablecoin holdings into yield-bearing fund shares while maintaining on-chain activity, according to reporting on the development. The infrastructure combines Securitize's tokenization and transfer agent capabilities with RedStone's daily on-chain valuation and interest accrual feeds.
The move integrates a traditional asset product into blockchain infrastructure designed for payments workflows. By routing Treasury fund participation through a blockchain rather than custodial channels, the arrangement enables users to earn yield on stablecoin positions without exiting decentralized finance environments.
The specific mechanics of access eligibility, minimum holdings, redemption procedures, and fee structures remain unstated. It is also unclear whether this deployment on Tempo represents an exclusive listing for BUIDL or if parallel availability on other blockchains is planned.