The tokenized fund launched by BlackRock has helped boost tokenized US Treasuries on public blockchains above $1bn.
BlackRock said in a statement on 20 March 2024 that it was unveiling its first tokenized fund issued on a public blockchain, the BlackRock USD Institutional Digital Liquidity Fund. BUIDL provides qualified investors with the opportunity to earn U.S. dollar yields by subscribing to the fund through Securitize Markets.
🐂 Bullish
Tokenization promises to have an even bigger impact on the crypto industry than the spot BTC ETFs!
Hundreds of trillions of dollars in existing capital are just waiting to be guided onchain by institutions, and when BlockRock moves, markets pay attention
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— Bankless (@BanklessHQ) March 26, 2024
Through tokenization BUIDL enables the issuance and trading of…
