PANews reported on May 16 that according to The Block, BlackRock's nearly $3 billion tokenized Treasury bond fund BUIDL announced the launch of the "first direct DeFi protocol integration" with the Euler protocol on Avalanche. This cooperation is based on the sToken framework developed by Securitize, enabling sBUIDL (BUIDL's composable ERC-20 token) to expand on-chain application scenarios while maintaining redeemability.

Through the integration developed by Re7 Labs, users can now use sBUIDL as collateral to borrow USDC or AUSD on Euler and receive AVAX rewards and the base income of the BUIDL fund. BUIDL is currently the world's largest tokenized Treasury fund, holding approximately $3 billion worth of short-term Treasury bonds and repurchase agreements.