Investors Can Now Swap Tokenized Assets in BlackRock’s BUIDL Fund for USDC
Swapping BlackRock's Real World Assets for USDC
The financial system is undergoing a transformative change with Circle's announcement of groundbreaking development. Investors can now swap tokenized real-world assets held in BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) for USDC, offering unparalleled speed, transparency, and efficiency.
Tokenization Promotes Innovation in Asset Management
- Jeremy Allaire, CEO of Circle, notes that tokenization of real-world assets is a rapidly growing industry segment, emphasizing the significance of this innovation.
- This advancement enables investors to quickly exit tokenized assets at reduced costs, providing a frictionless experience and delivering blockchain benefits through USDC availability.
The introduction of BUIDL marks a significant progress in asset tokenization, showcasing how blockchain technology is bringing digital and real-world assets closer together. This integration demonstrates the potential of blockchain in reshaping the financial landscape.
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