Legal Notice: Nothing on the website constitutes professional and/or financial advice. All the content on the website is for informational purposes only. We have prepared all information herein from sources we believe to be accurate and reliable. However, such information is presented as is,” without warranty of any kind – whether expressed or implied. You acknowledge and agree that there are numerous risks associated with purchasing cryptocurrencies.

CDS Crypto News BlackRock BUIDL: Company Announces Tokenized Asset Fund

Crypto News

BlackRock BUIDL: Company Announces Tokenized Asset Fund

The BlackRock BUIDL fund will be launched with the support of Securitize.

lectertodd21/03/20241 Mins read355

Blackrock Buidl: Company Announces Tokenized Asset Fund

Crypto News – BlackRock surprised everyone with an announcement late Wednesday about its tokenized asset fund.

BlackRock BUIDL: Company Announces Tokenized Asset Fund

Called ‘BUIDL,’ it is the first tokenized fund launched on a public blockchain by the corporation and will be constructed on the Ethereum network. Last year, the British Virgin Islands served as the initial registration location for the BlackRock USD Institutional Digital Liquidity Fund.

BUIDL will offer investors important benefits by enabling the issuance and trading of ownership on a blockchain, expanding investor access to on-chain offerings, providing instantaneous and transparent settlement, and allowing for transfers across platforms,
BlackRock

BlackRock reported that the minimum initial investment in the fund is $5 million. Its SEC filing, which was made public yesterday, set a much lower bar than that. A minimum investment of $100,000 would be accepted from any outside investor, according to the Notice of Exempt Offering of Securities, which did not define the size of the fund.

Sources:decrypt

Previous post In 2023, the market for tokenized US Treasurys expanded to 845 million Dollars

Next post Three Altcoins Dropped from Binance: DREP, MOB, PNT Out

Written by

lectertodd

Lectertodd is 28 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.