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🧠BLACKROCK'S BUIDL FUND HITS $500M

🧠BLACKROCK'S BUIDL FUND HITS $500M

Day: 08 | Time: 13:40:11 BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) is set to reach $500 million in assets under management. The fund, represented by the BUIDL token on the Ethereum network, currently holds $491 million in assets. Despite the price difficulties of major cryptocurrencies like Bitcoin and Ethereum, the fund continues to attract new investors. Created with the Securitize tokenization platform, the fund invests 100% of its assets in cash, US Treasury securities, and repurchase agreements, allowing investors to earn interest while holding the token on the blockchain. Interest in the tokenization of real assets is growing, with 50% of institutional investors interested in such assets for portfolio diversification and increased liquidity they can offer. Currently, over $1.5 billion worth of US Treasury securities are tokenized on the blockchain.

BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL)