Cryptotimes

BlackRock to launch its first Ethereum-based tokenized fund.

In its latest foray into cryptocurrencies, financial management giant BlackRock has launched its first tokenized fund on the Ethereum blockchain.

BlackRock launches its first Ethereum-based tokenized fund.
In its latest foray into cryptocurrencies, financial management giant BlackRock has launched its first tokenized fund on the Ethereum blockchain.
The BlackRock USD Institutional Digital Liquidity Fund, also known as BUIDL, is fully collateralized by cash, US Treasury bills, and repurchase agreements.
BlackRock has partnered with Securitize as the transfer agent and tokenization platform and BNY Mellon as the custodian of the fund's assets.
The fund's ecosystem also includes Anchorage Digital Bank NA, BitGo, Coinbase and Fireblocks, which provide the fund's infrastructure.
 
 
Now that we are witnessing the entry of the largest asset management company in the world with a capital of several trillion dollars into the cryptocurrency industry, we can consider this as a green light for the start of the next bull market.
sara ras

Comments

Jesry

The power and capability of the Ethereum blockchain can be assessed here, which Blackrock, the world's largest capital management holding company, is leaning towards.

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