BlackRock USD Institutional Digital Liquidity Fund

[Husires]

“This is the latest progression of our digital assets strategy,” said Robert Mitchnick, BlackRock’s Head of Digital Assets. “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.”

Tokenization remains a key focus of BlackRock’s digital asset strategy. Through the tokenization of the 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. BNY Mellon will enable interoperability for the Fund between digital and traditional markets.

“Tokenization of securities could fundamentally transform capital markets. Today’s news demonstrates that traditional financial products are being made more accessible through digitization. Securitize is proud to be BlackRock’s transfer agent, tokenization platform and placement agent of choice in digitizing and expanding access to its investment products,” said Securitize co-founder and CEO Carlos Domingo.

Source https://www.businesswire.com/news/home/20240320771318/en/


The token will be on the Ethereum blockchain, but the Tokenization of securities will be a radical change in the concept of investments, as profits will be deposited in new tokens every month.

The initial amount of investment is about $5 million, so the category of investors is not the same category as investors in cryptocurrencies, but we will see more serious projects in blockchain.

[MrSpasybo]

Tokenization remains a key focus of BlackRock’s digital asset strategy. Through the tokenization of the 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. BNY Mellon will enable interoperability for the Fund between digital and traditional markets.

The token will be on the Ethereum blockchain, but the Tokenization of securities will be a radical change in the concept of investments, as profits will be deposited in new tokens every month.

Tokenization of securities is one of the major goals that we have been thinking about since 2017 and currently asset management funds like BlackRock have done. We can call this the RWA trend: bringing real-world assets into the crypto market to increase liquidity through access to a large number of investors worldwide.

I really want to see the widespread deployment of this product from BlackRock. I want to know how investors outside of the US will be able to invest in these tokens and then receive dividends, this will be really interesting and worth watching.

I'm not surprised that Ethereum was chosen, it's still a decentralized, secure blockchain with enough features to ensure trust in the issuer and the holder of the security token.

[electronicash]

why does it sound like they are going  to try creating something like a L2 solution where they could release tokens?    seem like they are up to compete SOL or MATIC and all the the tokens there are going to be released by the using this BUIDL. i could be wrong but this is either a launchpad or an L2 project.

these assets are going to be controlled by Blackrock themselves. i'm thinking this is just for the investors inside blackrock and not traders from the crypto market. so this is why in their latest tweet they are saying their interest in ETH ETF depends on the users interest.

[joniboini]

seem like they are up to compete SOL or MATIC and all the the tokens there are going to be released by the using this BUIDL. i could be wrong but this is either a launchpad or an L2 project.

I don't think that's the case based on the description they used shared in the article above. It sounds like this is just another index fund disguised as a token. Basically, anyone who buys the tokens can enjoy passive income from multiple projects that Blackrock invested in, but the token's value is backed by nothing. They claim the target price is $1, basically like a stablecoin but they will continuously mint new tokens to distribute the passive income. If you want to accumulate alts, this is not the product for you, CMIIW.