BlackRock's BUIDL Tokenization Fund Hits $500M In Assets Under Management

[Yamane_Keto]

BUIDL, issued on the Ethereum
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 blockchain as an ERC20 token, allows Web3 institutions to access real-world returns without navigating complex on-and-off ramp processes.

BlackRock’s collaboration with key Web3 players such as Securitize, Circle
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, and Ondo Finance
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 has been instrumental in bringing this project to fruition.

Securitize, acting as a regulator-recognized transfer agent, enables the use of public blockchains as the primary accounting tool for recording ownership and transfers of issued assets.

https://www.benzinga.com/markets/cryptocurrency/24/07/39863203/blackrocks-buidl-tokenization-fund-hits-500m-in-assets-under-management


The entry of institutional investors into this field and their achievement of profits will make traditional investors think about investing in tokens, or at least in Ethereum, which may mean a positive push for the price in the coming months.

[Bobcrypto]

Yes, institutional investors are the backbone of the cryptocurrency token economy, and together with traditional investors, they are forces that drives many blockchain networks like etheruem, Solana, Cardano, Binance smart chain etc.
I am confidence that more investors will come onboard in near future, and that will signify another bullish momentum for many tokens.