The world’s largest asset supervisor continues to embrace crypto.
Yesterday, it was revealed (right here is the SEC submitting) that BlackRock has created a fund known as the BlackRock USD Institutional Digital Liquidity Fund that will likely be launched in partnership with Securitize.
Now, Securitize is all about tokenization of real-world belongings (hearken to my podcast with the Securitize CEO from 2022) and they’re backed by among the greatest names in finance. However to get on board with BlackRock must be an actual coup for the corporate.
Whereas there may be not a lot in the way in which of particulars, crypto sleuths have found an unconfirmed digital pockets on Ethereum displaying $100 million of Circle’s USDC stablecoin associated to Securitize. Some suppose this may very well be seed cash for this fund.
It will likely be fascinating to see what sort of belongings this fund will in the end maintain. Keep tuned for once they formally launch the fund.
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> BlackRock Creates Fund With Securitize, a Massive Participant in Actual-World Asset Tokenization
By Krisztian Sandor
The fund was seeded with $100 million in USDC stablecoin utilizing the Ethereum community, blockchain information reveals.
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