Yesterday, the launch of the first tokenized fund by BlackRock was announced: with this, the largest asset manager also enters the world of asset tokenization.
After launching one of the first ETFs on Bitcoin spot on US exchanges in January, with this move BlackRock effectively continues its descent into the crypto sector.
BlackRock’s tokenized fund: BUIDL
The new tokenized fund will be called BlackRock USD Institutional Digital Liquidity Fund (BUIDL), and it will be on the Ethereum network.
This is effectively a fund issued on a public and decentralized blockchain, and will offer qualified investors the opportunity to earn returns in US dollars by subscribing through Securitize Markets.
Thanks to the tokenization of the fund, BUIDL aims to offer investors some advantages derived from issuance and trading on the blockchain, thus expanding investors’ access to on-chain offerings, while also providing instant and transparent settlements. Additionally, transfers bet
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