BlackRock Launches Tokenized Fund on Ethereum

BlackRock, one of the world’s largest asset management companies, has announced the launch of a tokenized asset fund on the Ethereum network. Named the BlackRock USD Corporate Digital Liquidity Fund, this fund will be backed by cash, US Treasury bonds, and repurchase agreements, represented as BUIDL tokens. Key Partners and Participants Securitize Markets will act as the transfer broker and tokenization platform for the fund, while BNY Mellon will provide asset custody services. Additionally, major institutions like BitGo, Anchorage Digital Bank NA, Coinbase, and Fireblocks are among the project’s participants. BlackRock’s move has generated excitement in the cryptocurrency sector and signals a greater acceptance of cryptocurrencies in the mainstream financial world. Furthermore, potential progress on the US Congress’s stablecoin legislation is creating positive expectations for the sector. BlackRock continues to wait for SEC approval to launch a spot Ethereum ETF. Meanwhile, the company has expanded its presence in the digital […]

BlackRock Launches Tokenized Fund on Ethereum

BlackRock, one of the world’s largest asset management companies, has announced the launch of a tokenized asset fund on the Ethereum network. Named the BlackRock USD Corporate Digital Liquidity Fund, this fund will be backed by cash, US Treasury bonds, and repurchase agreements, represented as BUIDL tokens.

Key Partners and Participants

Securitize Markets will act as the transfer broker and tokenization platform for the fund, while BNY Mellon will provide asset custody services. Additionally, major institutions like BitGo, Anchorage Digital Bank NA, Coinbase, and Fireblocks are among the project’s participants.

BlackRock’s move has generated excitement in the cryptocurrency sector and signals a greater acceptance of cryptocurrencies in the mainstream financial world. Furthermore, potential progress on the US Congress’s stablecoin legislation is creating positive expectations for the sector.

BlackRock continues to wait for SEC approval to launch a spot Ethereum ETF. Meanwhile, the company has expanded its presence in the digital asset space by making a strategic investment in Securitize Markets as part of its digital asset strategies.

Investment Conditions for BUIDL Token

It has been reported that those looking to invest in the BUIDL token must commit a minimum of $100,000 and that the fund initially aims to heavily invest in short-term securities.

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