CDS Crypto News With BlackRock Ethereum Tokenized Asset Fund, The Company Will Officially Move Toward RWA
Crypto News

With BlackRock Ethereum Tokenized Asset Fund, The Company Will Officially Move Toward RWA

A partnership will be made with Securitize within the scope of the BlackRock Ethereum tokenized asset fund.

169
With Blackrock Ethereum Tokenize Asset Fund, The Company Will Officially Move Toward Rwa

Crypto News – BlackRock said on March 19 that it is getting ready to launch a fund in collaboration with Securitize, a leader in digital asset tokenization.

With BlackRock Ethereum Tokenized Asset Fund, The Company Will Officially Move Toward RWA

The company intends to introduce the “BlackRock USD Institutional Digital Liquidity Fund,” per a filing with the SEC. The fund’s total size was not revealed, though.

The fund will trade with the ticker BUIDL and be built on the Ethereum network. According to Etherscan, the Ethereum address that is hosting it underwent its first transfer approximately two weeks ago. It has a single holder and 100 BUIDL tokens.

According to Bloomberg, KKR, Hamilton Lane, and other companies are already collaborating on tokenized funds with Securitize, BlackRock’s real-world asset (RWA) tokenization partner. The new offering, which has a $100,000 minimum investment requirement, is only accessible to institutional investors.

ETH ETFs Likely to be Approved in May

Following the approval and popularity of its Bitcoin product, a number of fund managers, including BlackRock, have applied for a spot ETH ETF. Also, there are expectations that the SEC will approve a spot Ethereum ETF in May, which is why the fund’s announcement is timely. Staking issues could occur, though, as experts have been decreasing their chances of approval since the regulator cut ties with fund issuers.

With Blackrock Ethereum Tokenized Asset Fund, The Company Will Officially Move Toward Rwa
Written by
lectertodd

Lectertodd is 27 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.

Leave a comment

Leave a Reply

Related Articles

World of Dypians Announces TGE for WOD Token to Start November 27

Get ready for World of Dypians' TGE on Nov 27! Discover the...

Spot Bitcoin ETFs Surpass $100 Billion as BTC Hits New Highs

Bitcoin spot ETFs hit $100 billion as BTC hits new highs, while...

Bitcoin Price Surge Likely as Stablecoin Inflows Hit Historic Highs of $9.7 Billion

Record stablecoin inflows of $9.7 billion to crypto exchanges signal growing investor...

Bitcoin ETF Surges 20% as Traders Bet on Record-Breaking Gains

Bitcoin's rise to $100K sparks explosive trading in ETFs and options, with...