Euler Finance has integrated BlackRock's $3 billion tokenized U.S. Treasury fund, BUIDL, marking the fund's first-ever direct integration with a DeFi protocol.

The move allows the BUIDL fund, which is tokenized on the Ethereum network and represented on Avalanche, to be utilized within the Euler DeFi ecosystem. This development represents a significant milestone in the convergence of traditional finance (TradFi) and decentralized finance, bringing a substantial real-world asset (RWA) into the DeFi lending space.

This integration provides a regulated, yield-bearing asset from the world's largest asset manager to the DeFi landscape. For Euler, a protocol that reached significant deposit milestones in its first year, this collaboration serves as a powerful catalyst for future growth and solidifies the trend of tokenized RWAs becoming foundational assets within DeFi.