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BlackRock Launches Ethereum-Based Tokenized Asset Fund

Key Takeaways

  • BlackRock unveils the BlackRock USD Institutional Digital Liquidity Fund, a blockchain-based fund represented by the BUIDL token.
  • The fund aims to deliver daily yield to token holders through blockchain technology.
  • This initiative is part of BlackRock's broader strategy to explore digital assets.
BlackRock Launches Ethereum-Based Tokenized Asset Fund

BlackRock, the world's leading asset management firm, has officially entered the asset tokenization space with the introduction of its BlackRock USD Institutional Digital Liquidity Fund on the Ethereum blockchain.

This step positions BlackRock alongside other major financial institutions that have already started employing blockchain technology for real-world asset tokenization.

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CEO Larry Fink had previously said in a CNBC interview that the company's venture into a spot Bitcoin (BTC) exchange-traded funds (ETF) was a precursor to broader initiatives toward asset tokenization.

The fund, symbolized by the BUIDL token, offers investors a new way to access yields from cash, US Treasury bills, and repurchase agreements. Payouts are distributed daily via blockchain.

Robert Mitchnick, BlackRock’s Head of Digital Assets, highlighted the move as an extension of the firm's digital asset strategy, adding:

We are focused on developing solutions in the digital assets space that help solve real problems for our clients, and we are excited to work with Securitize

The collaboration involves several key players in the digital asset and traditional banking sectors, including Securitize as the tokenization platform and BNY Mellon as the asset custodian. Additional participants in the fund's ecosystem include Anchorage Digital Bank NA, BitGo, Coinbase, and Fireblocks.

By leveraging blockchain technology to tokenize conventional investment instruments, BlackRock is setting a precedent for the future of finance, where digital and traditional asset management converge to offer enhanced liquidity, transparency, and efficiency.

In other news, BlackRock has also recently launched a new Bitcoin BDR exchange-traded fund (ETF) in Brazil, allowing investors to engage with BTC through a regulated security.

Aaron S., Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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