Last Updated on April 27, 2024 by COINBUZZFEED
Global investment management firm BlackRock ventures into blockchain with the launch of a tokenized asset fund on Ethereum and a strategic investment in Securitize.
the growing intersection between traditional finance and blockchain technology, BlackRock, the world’s largest asset manager, has unveiled its tokenized asset fund on the Ethereum network. Alongside this milestone, BlackRock has also made a strategic investment
The newly launched tokenized asset fund marks BlackRock’s foray into the realm of blockchain-based investments. Represented by the BUIDL token, the fund is backed by a diverse portfolio including cash reserves, U.S. Treasuries, and repurchase agreements. By leveraging blockchain technology, BlackRock aims to enhance accessibility and efficiency in asset management while providing investors with seamless access to digital assets.
BlackRock’s strategic investment solidifies its commitment to exploring the potential of asset tokenization.
Tokenization offers several advantages for investors, including increased liquidity, fractional ownership, and streamlined processes. With the fund’s daily earnings distributed via the blockchain to token holders, investors can enjoy real-time access to their returns, eliminating traditional delays associated with conventional investment mechanisms.
