• BlackRock launches an Ethereum-based tokenized fund to enhance asset liquidity.
• Strategic investment in Securitize strengthens BlackRock’s position in digital assets.
• Additional support will come from BNY Mellon, Anchorage Digital Bank NA, BitGo, Coinbase, and Fireblocks.

As a step in the finance and crypto industries, BlackRock, the world’s biggest asset manager, has recently launched a fund for tokenized assets on the Ethereum network.

Named the BlackRock USD Institutional Digital Liquidity Fund, it runs with the BUIDL token that is fully collateralized with cash, U.S. Treasury bills, and repurchase agreements. This approach ensures daily yield distribution to token holders through blockchain technology.

Additionally, BlackRock has made a strategic investment in Securitize to power up its position in the digital asset space. Securitize, a firm that performs tokenization and transfer agent functions of the fund, is the one in charge of it while the details of the investment process remain confidential.

The post Wall Street Embraces Crypto: BlackRock Launches Ethereum Fund, Could #SOL Be Next? appeared first on Coin Edition.

• BlackRock launches an Ethereum-based tokenized fund to enhance asset liquidity.
• Strategic investment in Securitize strengthens BlackRock’s position in digital assets.
• Additional support will come from BNY Mellon, Anchorage Digital Bank NA, BitGo, Coinbase, and Fireblocks.

As a step in the finance and crypto industries, BlackRock, the world’s biggest asset manager, has recently launched a fund for tokenized assets on the Ethereum network.

Named the BlackRock USD Institutional Digital Liquidity Fund, it runs with the BUIDL token that is fully collateralized with cash, U.S. Treasury bills, and repurchase agreements. This approach ensures daily yield distribution to token holders through blockchain technology.

Additionally, BlackRock has made a strategic investment in Securitize to power up its position in the digital asset space. Securitize, a firm that performs tokenization and transfer agent functions of the fund, is the one in charge of it while the details of the investment process remain confidential.

The post Wall Street Embraces Crypto: BlackRock Launches Ethereum Fund, Could #SOL Be Next? appeared first on Coin Edition.